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katrin [286]
3 years ago
13

Which of the following activities should be expensed currently as R&D costs? (a) Testing in search for or evaluation of prod

uct or process alternatives. (b) Engineering follow-through in an early phase of commercial production. (c) Legal work in connection with patent applications or litigation, and the sale or licensing of patents.
Business
1 answer:
kolbaska11 [484]3 years ago
6 0

Answer:

The correct answers are:

(a) Expense as R&D.

(b) Expense as R&D (unless economic viability is achieved).

(c)Capitalize as patent and/or license and amortize

Explanation:

R&D expenses are all those related to scientific research. All expenses associated with research and development projects will be included in them: personnel expenses, purchases of raw materials, transportation, supplies.

In accounting, research expenses will be considered as expenses for the year, while development expenses are amortized, according to international financial reporting standards (IFRS).

Differences between research expenses and development expenses

Research expenses: They will be all those that correspond to an investigation that seeks to find scientific and technical news.

Development expenses: Refers to all expenses that will result in the implementation of the results obtained in the investigation phase. For this, it will be necessary to present a plan detailing all the expenses from the production process to its commercialization.

This kind of expenses, whether development or research, accounting, have to be classified by research projects, so that they can identify what expenses correspond to each product and each line of research.

It should be noted that unlike research expenses, those caused by development projects may be included in the cost of Industrial Property when the corresponding patent is obtained.

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Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea
Rom4ik [11]

a. The amount of Alison's qualified research expenditures for the tax year is $251,250.

b.  Alison's incremental research activities credit is $20,250.

a. Alison's qualified research expenditures:

Qualified research expenditures=In-house wages+ In-house supplies+ (Research services× 65%)

Qualified research expenditures=$125,000+$12,500+ ($175,000×65%)

Qualified research expenditures=$125,000+$12,500+$113,750

Qualified research expenditures=$251,250

b.  Alison's incremental research activities credit:

Incremental research activities credit=(Qualified research expenditures-Base amount)×20%

Incremental research activities credit=($251,250-$150,000)×20%

Incremental research activities credit=$101,250×20%

Incremental research activities credit=$20,250

Inconclusion  the amount of Alison's qualified research expenditures for the tax year is $251,250 and Alison's incremental research activities credit is $20,250.

Learn more about qualified research expenditures here:brainly.com/question/8174418

4 0
2 years ago
Worldwide​ Wholesalers, Inc. has decided that instead of having its employees manage its raw materials​ inventory, it will pay i
Anastasy [175]

Answer:

Worldwide​ Wholesalers, Inc. has decided that instead of having its employees manage its raw materials​ inventory, it will pay its suppliers to store and deliver the products as needed. What action has Worldwide​ taken?

A.  Operations control

B.  Outsourcing

C.  ​Value-added analysis

D.  Business process re-engineering

E.  Quality control

Answer: B

Explanation:

Outsourcing is the business practice of contracting a gathering outside an organization to perform benefits and make products that generally were acted in-house by the organization's own workers and staff. Outsourcing is a training for the most part attempted by organizations as a cost-cutting measure. In that capacity, it can influence a wide scope of employments, going from client care to assembling to the back office. Outsourcing can assist organizations with decreasing work costs fundamentally. At the point when an organization utilizes outsourcing, it enrolls the assistance of outside associations not partnered with the organization to finish certain errands. The outside associations normally set up various remuneration structures with their representatives than the outsourcing organization, empowering them to finish the work for less cash. This at last empowers the organization that decided to redistribute to bring down its work costs.

5 0
3 years ago
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jenyasd209 [6]

The following are topics in macroeconomics:

  1. The optimal interest rate for the Federal Reserve to target
  2. The effect of a large government's budget deficit on the economy's price level

The following are topics in microeconomics:

How a quota on textile imports affects the textile industry

<h3>What is microeconomics and macroeconomics?
</h3>

Microeconomics studies individuals and business decisions, while macroeconomics studies the government decisions and its impact on the economy.

Macroeconomics is a top-down approach while microeconomics is a bottom-up approach to analysing the economy.

To learn more about macroeconomics, please check: brainly.com/question/13244131

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1 year ago
Mexican american farm workers in california organized ________ to demand higher pay from their employers
KengaRu [80]
The United Farm Workers union
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2 years ago
if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there
MrRissso [65]

Answer:

12:34

Explanation:

It will be 12:34 if you leave at 11:26

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2 years ago
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