Determining the cost of research

Assignment Help Accounting Basics

Reference no: EM139700

Godert pharmaceutical company has many scientists working in the labs trying to develop an anti-aging drug. The cost of this research and development must be.

a. Expensed as incurred
b. Set up as an intangible and tested for impairment on a yearly basis.
c. Set up as an intangible asset and amortized over 20 years
d. Not be handled in any of the above ways.

Reference no: EM139700

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