The generally accepted (a)accounting rule and (b)tax rule for development expenditure are:

Question

Quizplus · Accepted Answer

The generally accepted accounting rule for development expenditure is to capitalize and amortize it over its useful life, while the tax rule allows for a deduction when the expenditure is paid for. Therefore, choice A which suggests capitalizing and amortizing for accounting purposes and a tax deduction when paid for is the most appropriate option.

The Generally Accepted (A)accounting Rule and (B)tax Rule for Development