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You are analyzing a company and decide that the research and development expenses should be capitalized. You decided to use an amortizable life of 3

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You are analyzing a company and decide that the research and development expenses should be capitalized. You decided to use an amortizable life of 3 years for the research assets and have gathered the following information: Year -3 -2 Research and Development Expense $1200 $1500 $2400 $2800 - 1 0 A) What is the value of the research asset? AJ B) If the reported operating income in $2200, what is the adjusted operating income? A c) If the reported net income is $1430, what is the adjusted Net Income? A

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