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Prior to 1974, accepted practice was for companies to eitherexpense or capitalize R&D costs. In 1974, the FASB issued aStandard that requires all research and

Prior to 1974, accepted practice was for companies to eitherexpense or capitalize R&D costs. In 1974, the FASB issued aStandard that requires all research and development costs to becharged to 2 answers

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