QUESTION 17 Suppose a company spends $100,000 on research and development in 2021. As a result of the products developed, additional revenue is generated over the next five years totaling $600,000. When is the cost of the research and development in 2021 recognized as an expense? Evenly over the period 2022-2026. Full amount in 2026. Full amount in 2021. Evenly over the period 2021-2025 QUESTION 25 Maple Inc. has the following information regarding its assets: Estimated Book Value Cash Flows Equipment 35,00 0 $ 30,000 Building 68,00 0 $ 70,000 Patent 30,00 $ 34,000 What amount of loss should be recorded due to asset impairment? $8,000. $9,000 $7,000. $10,000 $ Fair Value $ 28,0 00 65,0 00 32,0 00 $