Question: 1- Please define R & D costs and explain how these are presented in the financial statements of a company. 2- Identify the conceptual issues

1- Please define R & D costs and explain how these are presented in the financial statements of a company.
2- Identify the conceptual issues related to research and development costs.
3- How do we treat equipment used for R&D purposes?
4- Describe the accounting procedures for research, development, and similar costs.

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