Are Research And Development Costs Intangible Assets? Intangible assets are business assets that have no physical form. … R&D costs fall into the category of internally-generated intangible assets, and are therefore subject to specific recognition criteria under both the UK and international standards. Is development cost an intangible asset? Research expenditure is recognised as an
How Do You Record Office Furniture? Record the journal entry for the purchase of the office chair as an expense. Increase the expense account you have set up for office furniture with a debit for the amount of the purchase. If you paid cash for the office chair, decrease the asset account “cash” with a
How Is A Business Valued In A Divorce? In a divorce case, a business valuation not only considers the historical financial information of the company, but it also looks at the projected future revenues and expenses of the company to determine a fair market value. For example, before the recession of 2008 and 2009, many