Research and development costs normally are capitalized and amortized over the estimated sales life of the product developed.

Name: Research and development costs normally are capitalized and amortized over the estimated sales life of the product developed.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Research and development costs are typically expensed as incurred under U.S. Generally Accepted Accounting Principles (GAAP), rather than being capitalized and amortized.

Research and Development Costs Normally Are Capitalized and Amortized Over