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25 July, 11:27

Research and development costs for projects other than software development should be:

Expensed in the period they are determined to be unsuccessful.

Deferred pending determination of success.

Expensed in the period incurred.

Expensed if unsuccessful, capitalized if successful.

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Answers (1)
  1. 25 July, 12:02
    0
    Expensed in the period incurred.

    Explanation:

    This is as per recognized generally accepted accounting principles and practices across globe.
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