The Research Memorandum must conform to APA format and be at least 3-5 pages in length, not including references.

PowerPoint Presentation must be at least 8-10 pages. The presentation will not be presented live. Please include notes as your presentation narration.

Spend no more than one page describing the situation.

Paper and presentation must cite authoritative bodies.

Case 2

You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ s business centers on developing new technology for interplanetary exploration. The company has many patents and has historically expensed all of the costs associated with obtaining their patents. The owners of XYZ Labs are unsure whether or not if any or all of its patent costs can be capitalized. They also are unsure if any impairment testing should be done periodically on their patents. You have been asked by the owners to look into these issues and provide the appropriate accounting treatment for patents.