Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 9 - Reporting and Analyzing Long-Lived Assets - Questions: 21

Answer

There are uncertainties in identifying the extent and timing of the future benefits of these expenditures.

Work Step by Step

Hence, Companies usually record research and development cost as an expense when incurred.
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