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What should we report as the Amortization Expense

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Reference no: EM132958874

Question - P Inc. reported the following R&D expenses:

2015 $7646

2016 $7858

2017 $7645

2018 $7959

2019 $7984

Assume that useful life is 5 years and R&D is spent at the start of the year.

Required -

1. If we capitalize R&D on the balance sheet on 12/31/2019, what amount should we capitalize under Assets?

2. If we capitalize R&D as part of our adjustments, what should we report as the Amortization Expense for 2019?

Reference no: EM132958874

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