What happens if the R&D costs are capitalized and the results never produces a final product that

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What happens if the R&D costs are capitalized and the results never produces a final product that is marketable or a patent or copyright? Would the company then have to go back and expense the R&D costs and take the loss years later?

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Feb 14, 2021 09:47 AM

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What happens if the R&D costs are capitalized and the results never produces a final product that

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GAAP state that most research and development costs should be taken as an expensiv... View the full answer

Horngrens Financial and Managerial Accounting

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