Research and development costs can be classified as a property plant and equipment item or as an intangible asset.

Name: Research and development costs can be classified as a property plant and equipment item or as an intangible asset.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Research and development costs are typically expensed as incurred and are not classified as property, plant, and equipment or as intangible assets under most accounting standards.

Research and Development Costs Can Be Classified as a Property