Masters Ltd is engaged in the development of education equipment and educational methods. It carries research and
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Masters Ltd is engaged in the development of education equipment and educational methods. It carries research and development activities to bring improvement in the teaching methodologies. It incurred ₹ 100 crore on general research work and another 70 crore to be allocated equally to research and development work leading to a patent right duly documented. How should these expenses be recognized?
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i 100 crores which is only research expense and 35 crores out of re...View the full answer
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