1. Which of the following statements is not accurate? A) Research and development costs, in total, must be disclosed for every period presented in the financial statements B) Depreciation on equipment used for research activities would be recognized as operating expense C) Cost of significant modifications to product designs are expensed as research and development expenses. OD) The cost of a patent purchased for multiple research products is capitalized as an intangible asset O E) The cost of a license purchased for use in one research product is expensed as a research and development cost