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Research & Development costs which might lead to new products should be recorded as: 1)...

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Question

Accounting

Research & Development costs which might lead to new products should be recorded as:

1) Plant Assets

2) Intangible Assets

3) Expenses

4) Liabilities

The initial cost of a plant asset less its' accumulated depreciation is called:

1) Depreciated Cost

2) Book Value

3) Net Value

4) Fair Market Value

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