Under US GAAP Development Expenditure Should Always Be Expensed with Exception

question 4

Multiple Choice

Under US GAAP development expenditure should always be expensed with exception of which products?

• A)pharmaceutical
• B)computer software
• C)motion pictures
• D)literary works

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Definitions:

Rehearsal Loop

A cognitive process in which information is repeated mentally to keep it in short-term memory longer.

Conceptual Hierarchy

An organized structure of concepts, ranging from the most general to the most specific, that helps in understanding and organizing knowledge.

Executive Control System

The component of the brain responsible for regulating attention, making decisions, and managing cognitive processes required for goal-directed behavior.

Sensory Memory

The shortest-term element of memory which allows individuals to retain impressions of sensory information after the original stimuli have ended.