ACC 304 All Assignments ACC 304 All Assignments | Page 220

b. the asset's acquisition cost less the total related amortization
recorded to date.
c. equal to the balance of the related accumulated amortization
account.
d. the assessed value of the asset for intangible tax purposes.
52. Which of the following research and development related costs
should be capitalized and depreciated over current and future periods?
a. Research and development general laboratory building which can
be put to alternative uses in the future
b. Inventory used for a specific research project
c. Administrative salaries allocated to research and development
d. Research findings purchased from another company to aid a
particular research project currently in process