Question: Match each item below ( # 1 - 1 0 ) with the proper accounting classification ( a - e ) . a . Expensed

Match each item below (#1-10) with the proper accounting classification (a-e).

Match each item below (#1-10) with the proper accounting classification (a-e).
a. Expensed as R&D
d. Expensed as general & administrative (i.e. not R&D)
b. Property, Plant & Equipment
e. Intangible Asset with indefinite life
c. Intangible Asset with definite life
Item
A 1. Acquisition of R&D equipment for use on a current project only.
Goodwill generated internally
Legal costs incurred in successful defense of a tradename which is renewable every 10 years
Depreciation on R&D lab facility used for multiple, ongoing and new projects.
Cost of a lab facility to be used on all future R&D projects
Material, labor and overhead cost of building a prototype product
Startup and organization costs for a newly formed business
Filing fees and other legal costs incurred in obtaining a patent
Goodwill involved in the purchase of another company
10 Cost of a fast food franchise with unlimited renewal options
a. Expensed as R&D d. Expensed as general & administrative (i.e. not

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