Often, research and development costs provide companies with benefits that last a number of years. (For example,
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Often, research and development costs provide companies with benefits that last a number of years. (For example, these costs can lead to the development of a patent that will increase the company’s income for many years.) However; generally accepted accounting principles require that such costs he recorded as an expense when incurred. Why?
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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