+ During its first year of operation, Dovery Company incurred $375,000 of research costs undertaken with the prospect of gaining new technical understanding about a new nanotechnology procedure. An additional $505,000 was incurred to develop a production process to use that new technology to produce a new lubricant product. Under U.S. GAAP, which of the following is the appropriate accounting for these costs? O A. capitalize $880,000 as an intangible asset B. expense $375,000 and capitalize $505,000 as an intangible asset OC. expense $880,000 D. expense $505,000 and capitalize $375,000 as an intangible asset