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Costs incurred in order to obtain government approvals and patents: Considered intangible assets that provide future economic benefits Purchase of equipment to be used to

Costs incurred in order to obtain government approvals and patents: Considered intangible assets that provide future economic benefits Purchase of equipment to be used to manufacture the protein supplement: To be used in manufacturing Materials and services consumed in the development of the formula: Payroll and consulting expenses incurred in the design of a logo and packaging: Marketing of the product in fitness magazines: Cost of efforts to refine, improve, and enhance the formula: Materials used in preproduction pilot testing

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