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Suppose a company spends $ 1 0 0 , 0 0 0 on research and development in 2 0 2 4 . As a result

Suppose a company spends $100,000 on research and development in 2024. 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 2024 recognized as an expense?

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