Which of the following is considered research and development costs?
A) Laboratory research aimed at discovery of new knowledge.
B) Application of research findings or other knowledge to a plan or design for a new product or process.
C) Conceptual formulation and design of possible product or process alternatives.
D) all of the above.

Question

Quizplus · Accepted Answer

All of the options listed (laboratory research, application of research findings, and conceptual formulation/design) are considered research and development costs.

Which of the Following Is Considered Research and Development Costs