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A. Record the expenditure as an asset and depreciate it. B. Record the expenditure as an asset and amortize it. C. Record the expenditure

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A. Record the expenditure as an asset and depreciate it. B. Record the expenditure as an asset and amortize it. C. Record the expenditure as an asset but do not systematically allocate it to expense. D. Record the expenditure as an expense in the current period. Expenditures 1. Offered a new flavor of one of the company's products 2. Purchased a copyright from an author 3. Paid for a complete renovation of the office building 4. Paid for research and development costs 5. Paid closing costs in acquiring new property that will be converted into a parking lot 6. Paid legal costs to successfully defend a patent against infringement Treatments B B

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