Replies to post #77881 on Plastic2Oil Inc (PTOI)

[OGINVU]

FEEL SHAME...two minutes in the penalty box...

[jimmenknee]

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