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Godert pharmaceutical company has many scientists working in the labs trying to develop an anti-aging drug. The cost of this research and development must be.

a. expensed as incurred

b. set up as an intangible and tested for impairment on a yearly basis.

c. Set up as an intangible asset and amortized over 20 years

d. Not be handled in any of the above ways.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946618

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