Research and experimental expenditures are not deductible if they result in the development of a patented formula or process.

Name: Research and experimental expenditures are not deductible if they result in the development of a patented formula or process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Research and experimental expenditures are partially deductible even if they result in the development of a patented formula or process. However, the taxpayer must capitalize and amortize the costs over the useful life of the patent.

Research and Experimental Expenditures Are Not Deductible If They Result