1.
Concept Introduction: Research and development cost is the expenditure incurred in innovation and discovery of new products and processes. The research and development costs are expensed when incurred as it is difficult to predict future benefits from research and development costs.
The costs that are reported as research and development expenses on the income statement.
2.
Concept Introduction: Research and development cost is the expenditure incurred in innovation and discovery of new products and processes. The research and development costs are expenses when incurred as it is difficult to predict future benefits from research and development costs.
The costs that are capitalized and reported in the patent account on the
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