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jimmenknee

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jimmenknee

Re: Rawnoc post# 77881

Saturday, 11/20/2010 10:52:13 PM

Saturday, November 20, 2010 10:52:13 PM

Post# of 312101
SFAS 2, October 1974 "Accounting for Research and Development Costs"

General rule for research and development costs
Research and development costs are
--> charged to expense when incurred
--> because future economic benefits are uncertain

http://accountinginfo.com/financial-accounting-standards/asc-700/730-research-development.htm
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