25. In accounting for research and experimental expenditures incurred in 2018, all of the following alternatives are available with the exception of

A) expense R&E costs in the year in which a product or process becomes marketable.

B) expense R&E costs in the year paid or incurred.

C) defer and amortize R&E costs as a ratable deduction over a period of 60 months or more.

D) capitalize and write off R&E costs only when the research project is abandoned or is worthless.

26. Green Corporation purchases specialty software from a software development firm for use in its business as of January 1 of the current year at a cost of $90,000. No hardware was acquired. How much of the cost can Green deduct this year?

A) $30,000

B) $45,000

C) $60,000

D) $90,000

27. In calculating depletion of natural resources each period,

A) cost depletion must be used.

B) percentage depletion must be used.

C) the smaller of cost depletion or percentage depletion must be used.

D) the greater of cost depletion or percentage depletion must be used.