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Research and development costs 1. are incurred as expenses only when R&D is successful. 2. should be included in the cost of the patent they
Research and development costs
1. are incurred as expenses only when R&D is successful.
2. should be included in the cost of the patent they relate to
3. must be expensed when incurred under generally accepted accounting principles
4. are capitalized and then amortized over a period not to exceed 20 years
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