Question: Brilliant Minds Inc incurred the following costs associated with its

Brilliant Minds Inc. incurred the following costs associated with its research facilities. Indicate whether these items are capitalized or expensed in the current year:
(a) Executive salaries
(b) Costs of testing prototypes
(c) Market research to prepare for the product launch
(d) Sales commissions
(e) Salaries of research staff investigating alternatives for existing products
(f) Borrowing costs directly attributable to the development of a qualifying intangible asset

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  • CreatedSeptember 18, 2015
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