Research and experimental expenditures do not include expenditures for ordinary testing of materials for quality control.

Question

Quizplus · Accepted Answer

Research and experimental expenditures refer to expenses incurred in research and development activities undertaken with the aim of discovering new knowledge or developing new products or processes. Ordinary testing of materials for quality control is not considered a research or development activity and, therefore, is not included in research and experimental expenditures.

Research and Experimental Expenditures Do Not Include Expenditures for Ordinary