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MGCR 211 (108)
Lecture

MGCR 211 Chapter 8.docx

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Department
Management Core
Course
MGCR 211
Professor
Karen Zajdman- Borden
Semester
Winter

Description
MGCR 211 Chapter 8 3/19/2012 6:11:00 AM Capitalizing Costs  Advertising o Difficult to measure benefits derived. Advertising is usually an expense.  R&D o Must separate the research and development costs. We look at them as two separate costs. o Research  Researching new product or process  Research costs are expensed! o Development  Usually capitalized and amortized  5 conditions for capitalizing developing costs  Product must be definable  Feasibility must be established  Management intends to sell the product  Must be a real market for the product  Company must have the funds to complete the project Capitalizing versus expensing  2012 o Expense  Income Statement  - Development expense 25,000  Balance Sheet
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