Question $1$

Partially correct

Mark $8\mathrm{.}57$ out of $10\mathrm{.}00$

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Classifying Intangible Costs

The following costs were incurred by Athletica Co$.$ For each item, indicate the proper accounting treatment into which of three options: $(1)$ expense as incurred, $(2)$ capitalize and assess for impairment, or $(3)$ capitalize, amortize, and assess for impairment.

$\backslash$table$[[$Cost Incurred,Accounting Treatment$],[$a$.$ Start$-$up costs including legal fees and registration fees.,$],[$b$.$ Research and development cost.,$*{*}^{}$