Which of the following statements concerning research and development costs is not true? A)All research costs should be expensed as incurred. B)Development costs with probable future benefits should be capitalized. C)All development costs should be capitalized. D)Development costs associated with successful commercial research would be amortized over the useful life of the product or process developed.

Question

Quizplus · Accepted Answer

Development costs are only capitalized when they meet specific criteria indicating that future economic benefits are probable. Not all development costs meet these criteria, so it is not true that all development costs should be capitalized.

Which of the Following Statements Concerning Research and Development Costs