In 2014, Blue Sky Pharmaceuticals spent $2,000,000 on research and development (R&D). From the R&D findings, Blue Sky scientists developed a new medication, which was sold to consumers in 2015. Accountants for Blue Sky should do what? Group of answer choices Record the R&D costs in 2014. Record the R&D costs in 2015. Credit the R&D costs as an expense in 2014. Amortize the R&D costs over the lifetime of the product

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