Research and development expense for a given period includes:
A) The full cost of newly acquired equipment that has an alternative future use.
B) Depreciation on a research and development facility.
C) Research and development conducted on a contract basis for another entity.
D) Patent filing and legal costs.

Question

Quizplus · Accepted Answer

Depreciation on a research and development facility is included as an R&D expense because it is a cost associated with the use of facilities for R&D activities.

Research and Development Expense for a Given Period Includes