Research and development costs (R&D)are generally:
A)expensed and become part of the Income Statement.
B)listed as "other intangibles" on the Balance Sheet.
C)listed as "current assets" on the Balance Sheet.
D)listed as "long-term assets" on the Balance Sheet.

Question

Quizplus · Accepted Answer

Research and development costs are expensed and become part of the Income Statement because they are considered as ongoing expenses necessary for a company's growth and development, rather than as assets that can be used to generate revenue in the future.

Research and Development Costs (R&D)are Generally