Costs that qualify as research and experimental expenditures include all of the following except
A)depreciation of laboratory equipment.
B)management studies.
C)costs incurred in developing product improvements.
D)costs of obtaining a patent such as attorney fees.

Question

Quizplus · Accepted Answer

Management studies do not qualify as research and experimental expenditures as they are not directly related to the development or improvement of a product or process. The other options (A, C, and D) all involve expenses that are eligible for R&E tax credits.

Costs That Qualify as Research and Experimental Expenditures Include All