Would you consider research and development expenditure to be an intangible asset? How do you think companies account for the billions of dollars that they spend on research and development? 

Do you think that they report it as an asset because of the R & D's potential to earn revenues over the next few years? Should they report it as an asset?

Answer rating: 100% (QA)

Research is original and planned investigation undertaken with the prospect of ga... View the full answer