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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

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? Multiple Choice

Full amount in 2026.

Evenly over the period 20212025.

Full amount in 2021.

Evenly over the period 20222026.

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