According to U.S.Generally Accepted Accounting Principles (GAAP) ,which of the following must be expensed?
I.A patent developed by the firm.
II.A building.
III.Equipment.
IV.A distribution network.
A) I and II only.
B) I and IV only.
C) II and III only.
D) III and IV only.
Correct Answer:
Verified
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