Lesson: Research and development costs - Practice Questions

Research and development costs - Practice Questions thumbnail

In this insightful lesson, Nick Palazzolo, CPA, dives into practice questions focusing on research and development (R&D) costs. He cleverly implements a straightforward chart to distinguish between when such costs should be expensed and when they should be capitalized. For anyone tangled up in the tricky topics of R&D, Nick makes it simple by associating stages before technological feasibility with expenses and stages afterward with capitalization. He also provides the rationale for eliminating incorrect multiple-choice answers by interpreting the nuances of tax-related answer choices and connects these principles to practical examples, such as periodic design changes or patent-related legal work. By the end of the session, anyone watching will be better equipped to navigate questions related to R&D costs with confidence and clarity.

This video and the rest on this topic are available with any paid plan.

See Pricing
Create an account Get started free. No credit card required.
Intangibles, R&D and Software Costs, & Business Combinations
Module: 4 Concepts, 42 Videos