Expenditures for research and experimentation that are deferred must be amortized ratably over a period of 17 years.

Question

Quizplus · Accepted Answer

The period over which deferred research and experimentation expenditures must be amortized can vary depending on the specific tax laws applicable at the time. Historically, the U.S. Internal Revenue Code has not mandated a uniform 17-year amortization period for these costs.

Expenditures for Research and Experimentation That Are Deferred Must Be