Multiple Choice
Which of the following is the proper accounting treatment for research and development costs?
A) Research and development costs must be capitalized and amortized over 70 years or less.
B) Research and development costs must be capitalized and amortized over 20 years or less.
C) Research and development costs must be capitalized and expensed each year to the extent that their value has declined.
D) Research and development costs must be expensed.
Correct Answer:
Verified
Correct Answer:
Verified
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