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Which of the costs are normally expensed in the year

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Reference no: EM132636904

Question 1: Which of the following costs are normally expensed in the year incurred, regardless of the expected economic benefit?

A. Goodwill created as a result of a business combination.

B. Software development costs to achieve technological feasibility.

C. A patent purchased from an independent third party.

Reference no: EM132636904

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