Explain the accounting treatment of equipment acquired, Accounting Standards

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Explain the accounting treatment of equipment acquired

Complete the following with examples:

1. Define R&D according to U.S. GAAP.

2. Explain the accounting treatment of equipment acquired for use in R&D projects.

3. Explain the accounting treatment of costs incurred to develop computer software.

Make sure you use enough details to support your answer.

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Accounting Standards: Explain the accounting treatment of equipment acquired

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Accounting Standards: Explain the accounting treatment of equipment acquired

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