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Which of the following statements concerning research and development costs is not true? A Development costs associated with successful commercial research would be amortized over
Which of the following statements concerning research and development costs is not true?
A Development costs associated with successful commercial research would be amortized over the useful life of the product or process developed.
B All development costs should be capitalized
C All research costs should be expensed as incurred
D Development costs with probable future benefits should be capitalized
Please help identify he correct answer and explain why for this homework question. thanks
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