Which of the following would be an example of a research and development expenditure eligible for the R&D cre
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#2 Which of the following would be an example of a research and development expenditure eligible for the R&D credit?
a.
b. Research to technologically improve an existing product.
c. Research to alter design after commercial production has begun.
d. Research to adapt existing component to a large customer's personal requirements.
e. Routine testing for quality control of an existing product.
Nee
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- Which of the following expenditures or activities would be considered as R & D? a. Marketing research to promote a new product. O b. Construction of prototypes. O c. Periodic alterations to existing production lines. O d. Routine efforts to refine an existing product.Step 1: Definition of R&D Costs Research Costs: Expenditures incurred to acquire new knowledge or understanding, primarily for the purpose of discovering new scientific or technological knowledge. Development Costs: Expenditures incurred to apply research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems, or services. Step 2: Recognition of R&D Costs Research Costs: Generally expensed as incurred since the future benefits are uncertain and not reliably measurable. Development Costs: Capitalized if specific criteria are met, including technical feasibility, intention to complete, ability to use or sell, generation of future economic benefits, and adequate resources to complete. Step 3: Capitalization Criteria Technical Feasibility: The product or process must be technically feasible, meaning that it is feasible to complete it and use or sell the resulting…Which of the following activities should be expensedcurrently as R&D costs?(a) Testing in search for or evaluation of product orprocess alternatives.(b) Engineering follow-through in an early phase ofcommercial production.(c) Legal work in connection with patent applications orlitigation, and the sale or licensing of patents.
- Preparation of financial statements to be submitted to government regulator agencies for perusal of the firm's stakeholders require the use of ___ costing method. A. AbsorptionB. variable C. throughput D. activity basedDevelopment costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways? a. All software development costs should be capitalized until technological feasibility is established. b. All software development costs incurred between the establishment of technological feasibility and general release should be capitalized. c. All software development costs should be recorded in R&D expense until the product is available for general release to customers. d. All software development costs incurred between the establishment of technological feasibility and general release should be recorded as R&D expense.4. Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?a. All software development costs should be capitalized until technological feasibility is established.b. All software development costs should be recorded in R&D expense until the product is available for general release to customers.c. All software development costs incurred between the establishment of technological feasibility and general release should be capitalized.d. All software development costs incurred between the establishment of technological feasibility and general release should be recorded as R&D expense.
- Subject: Strategic Information Systems for Business and Enterprise Q) Discuss the questions below: i) Discusses the acronym TELOS model which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. ii) Accountants should be involved in the detailed design and implementation of the system development life cycle. Comment on the statement.Discuss the qualitative and quantitative reasons to accept a project within a company? Please use articles and reference books to use NPV and IRR and Payback methods.Use of Earned Value Analysis in performance reportingWhat are the different metrics used? What is the significance of these metrics? Has usage of EVA analysis improved project performance? Have organizations successfully used EVA? Give examples from real-world projects. Are there failures? What are some of the challenges in the adoption and usage of EVA analysis in different industry settings?
- Identify the type of the following costs: These include costs of searching new knowledge and identifying and selecting possible alternatives. These include costs of designing from selected alternative and using knowledge gained from research. Group of answer choices R&D, Intangible asset costs Research costs, Development costs R&D, Regular expense Development costs, Research costsStaff training on new system is a capital or revenue expenditure. Why???a. Acronym TELOS: which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. b) Accountants should be involved in the detailed design and implementation of the systemdevelopment life cycle. Comment on the statement