moravian.instructure.com/courses/5380/quizzes/5787/take nea D Question 17 Update

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moravian.instructure.com/courses/5380/quizzes/5787/take nea D Question 17 Updates Do you w updates n 1 pts A company incurs $1 million in research and development costs for personnel and supplies. It also buys $1.5 million of R&D; equipment and a building for $2 million. Both the equipment and building can only be used for R &D.; What is the R & D expense for this company? D Question 18 1 pts Which method of accounting is not acceptable for financial reporting purposes? O SYD depreciation Straight line depreciation DDB depreciation MACRS FS

Explanation / Answer

18-Answer is MACRS -

because it allocates cost over an arbitary period that is less than asset useful life

17- Research and development expenses - 1 million

because building and equipments are not part of research and development expenses because these are the assets which would be capitalized over a period of time

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