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OGINVU

11/20/10 10:49 PM

#77883 RE: Rawnoc #77881

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

11/20/10 10:52 PM

#77884 RE: Rawnoc #77881

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