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Good day sir.
Does the following expenditure relate to research or development expense? Why?
$86,000 in attempting to convert seaweed into a cure for muscular injuries.
It is research expenditure because they are spending money trying to find a new product but there might never be a new product (they are attempting to find one but they might not be successful).
Have you watched my free lectures on this? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well 🙂
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