Question 7

Indicate whether the following items are capitalized or expensed in the current year.

a.		Purchase cost of a patent from a competitor.		select an option CapitalizeExpense
b.		Research and development costs.		select an option CapitalizeExpense
c.		Organizational costs.		select an option CapitalizeExpense
d.		Costs incurred internally to create goodwill.		select an option CapitalizeExpense