See how our partners can help you ace your CFA exams.
CFA Level 1 Question of the Week - Financial Reporting and Analysis
An artificial intelligent start-up in Silicon Valley is working on a software for robot babysitters. Assuming that the firm follows US GAAP, how will the firm's accountant allocate the Research and Development costs most appropriately?
CFA Question Bank, Video Lessons, and Study Notes can be found at https://analystprep.com
Register today for 120 free practice questions and 10 hours of video
CFA Level 1 Question of the Week - Financial Reporting and Analysis 10 votes
A. Expense the both Research and Development costs.
B. Expense the Research cost and capitalize the Development cost.
C. Capitalize the Research cost and expense the Development cost.