Which of the following costs should be capitalized in the year incurred?
A)costs to successfully defend a patent
B)research and development costs for a new product to be introduced later this year
C)cost to internally generate goodwill
D)organizational costs

Question

Quizplus · Accepted Answer

Costs to successfully defend a patent are capitalized because they extend the life or value of the patent.

Which of the Following Costs Should Be Capitalized in the Year