1 (15 marks) connect You have been hired as the assistant in the finance department of a medium-sized publicly traded firm. Realizing the importance of accounting to your new duties, you have recently completed an intensive introductory course in financial accounting. In this course, you learned that research costs are expensed during the period in which they are incurred but that if certain criteria are met development costs should be treated as an asset and amortized over their projected benefit period. Over the prior two years, your company's R&D unit had achieved an important breakthrough in electronic copying. This year, the company spent a substantial amount of money to develop a revolutionary new type of copying equipment and bring