Under U.S.GAAP,research and development costs (R&D)are ________.
A)capitalized and amortized
B)capitalized and depreciated
C)expensed when incurred
D)expensed when the related product is sold

Question

Quizplus · Accepted Answer

Under U.S. GAAP, research and development costs (R&D) must be expensed when incurred. These costs are not considered to have future economic benefits, making them ineligible for capitalization or amortization.

Under U.S.GAAP,research and Development Costs (R&D)are ________