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Assume that cosmetic company has spend 200.000 euros to develop a new product of green...

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Accounting

Assume that cosmetic company has spend 200.000 euros to develop a new product of green products,chemical-free cosmetics but they are just investing.Its too early for the company to predict it is successful or not and not sure about the product for what will happen. Explain whether this company should recognize this expenditure as an asset? Justify your answer in few sentences.

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