Research and development costs are treated as expenses even when they benefit the business for more than one accounting period.

Question

Quizplus · Accepted Answer

Research and development costs are typically expensed in the period they are incurred, regardless of future benefits, according to most accounting standards, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

Research and Development Costs Are Treated as Expenses Even When