Research and development costs for projects other than software development should be:
A. Expensed in the period incurred.
B. Expensed in the period they are determined to be unsuccessful.
C. Deferred pending determination of success.
D. Expensed if unsuccessful, capitalized if successful.
Answer:A
Research and development costs for projects other than software development should be:
A. Expensed in the period incurred. B. Expensed in the period they are determined to be unsuccessful. C. Deferred pending determination of success. D. Expensed if unsuccessful, capitalized if successful.