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Research Corp

Question 72

Multiple Choice

Research Corp., a publicly accountable entity, incurred the following costs in its research and development division: Research Corp., a publicly accountable entity, incurred the following costs in its research and development division: At July 31, 2012, Research Corp. determined that the project was technically feasible and commercially viable. Research Corp. had sufficient resources and intentions to complete the project and was confident that there was demand in the marketplace for the product. How much, if any, of the costs can be capitalized for fiscal 2012? A) $0 B) $44,000 C) $59,000 D) $92,000 At July 31, 2012, Research Corp. determined that the project was technically feasible and commercially viable. Research Corp. had sufficient resources and intentions to complete the project and was confident that there was demand in the marketplace for the product. How much, if any, of the costs can be capitalized for fiscal 2012?


A) $0
B) $44,000
C) $59,000
D) $92,000

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