D | Question 4 2 pts During its most recent accounting period, Fasenmyer company incurred $115,000 of research costs toward creation of a new type of building material. It also incurred an additional $235,000 toward development of a production process needed to produce the new materials. Which of the following would be the appropriate accounting under US GAAP to record these expenditures? Capitalize the full $250,000 as intangible assets Recognize $115,000 as research & development expense and capitalize $235.000 as an intangible asset Recognize $250,000 as research and development expense Recognize $235,000 as research & development expense and capitalize $115.000 as an intangible asset