ACC 304 All Assignments ACC 304 All Assignments | Page 223

56. Which of the following costs should be capitalized in the year
incurred?
a. Research and development costs.
b. Costs to internally generate goodwill.
c. Organizational costs.
d. Costs to successfully defend a patent.
57.
Research and development costs
a. are intangible assets.
b. may result in the development of a patent.
c. are easily identified with specific projects.
d. all of the above.