Question: In class, we discussed the uncertainty surrounding research and development. For example, a significant amount of resources are sacrificed in the process of creating a

In class, we discussed the uncertainty surrounding research and development. For example, a significant amount of resources are sacrificed in the process of creating a new product or technology. It is difficult to know if anything will come of it. Therefore, research and development costs are generally

capitalized and amortized over the life of the asset

expensed as incurred

ignored completely

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