A large, publicly held company developed a new product during 2020 The cost of development should be accounted for by Charging it to an asset account that should not be amortized Charging it to an asset account and amortize over its expected useful life Charging it to an asset account and annually testing for impairment Expensing it as incurred

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A large, publicly held company developed a new product during 2020. The cost of development should be accounted for by Charging it to an asset

A large, publicly held company developed a new product during 2020. The cost of development should be accounted for by

		Charging it to an asset account that should not be amortized
		Charging it to an asset account and amortize over its expected useful life
		Charging it to an asset account and annually testing for impairment
		Expensing it as incurred

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