The costs of services performed by others in connection with the reporting company's R & D should be expensed as incurred.

Question

Quizplus · Accepted Answer

The costs of services performed by others in connection with the reporting company's research and development (R&D) activities are expensed as incurred because they do not result in an asset with a future economic benefit that meets the criteria for capitalization under accounting standards.

The Costs of Services Performed by Others in Connection with the Reporting