Research and development costs
A) are intangible assets.
B) may result in the development of a patent.
C) are easily identified with specific projects.
D) all of the above.

Question

Quizplus · Accepted Answer

Research and development costs may result in the development of a patent, which is an intangible asset that can be capitalized if certain criteria are met. However, research and development costs themselves are typically expensed as incurred and are not capitalized as intangible assets. They can be associated with specific projects, but this does not make them intangible assets.

Research and Development Costs