Solution-Often research and development costs provide

Often research and development costs provide companies

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1. Often research and development costs provide companies with benefits that last a number of years. (For example, these costs can lead to the development of a patent that will increase the company's income for many years.) However, generally accepted accounting principles require that such costs be recorded as an expense when incurred. Why?

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Often research and development costs provide companies

Reference no: EM131140235

Reference no: EM131140235

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