Which of the following research and development related costs should be capitalized and amortized over current and future periods?
A) research and development general laboratory building that can be put to alternative uses in the future
B) inventory used for a specific research project
C) administrative salaries allocated to research and development
D) research findings purchased from another company to aid a particular research project currently in process

Question

Quizplus · Accepted Answer

A general laboratory building that can be used for alternative purposes in the future is a capital asset and should be capitalized and amortized over its useful life.

Which of the Following Research and Development Related Costs Should