Research and Development During the year, the company made the following researc

Question

Research and Development During the year, the company made the following research and development expenditures: Date Arnount Comment 100000 Before technological feasibility established. December 31 120000 After t 120000 After technologkcal feasibility established 1. Compute the total research and development (R&Dt; xpense for the year assuming the expenditures were for normal RSD. nse for the year assuming the expenditures were for normal RAD 2. Compute the total research and development (R&D;) expense for the year assuming the expenditures were for software R&D.; were for normal R&D; and the company does its accounting according to 3. Compute the total research and development (R&D;) expense for the year assuming the expendiures International Financial Reporting Standards. Icon Key

Explanation / Answer

1 Total Research & Development Expenditure 100000 2 Total Research & Development Expenditure $ 120000 3 Total Expenditure 100000+120000 = $ 220000

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