What is meant by the terms research and development, Accounting Basics

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What is meant by the terms research and development

Response to the following questions:

1. Which amortization method is required for intangibles? Are there any exceptions?

2. What factors should a company consider in estimating the useful life of an intangible?

3. What is meant by the terms research and development?

4. What activities are included in R&D? Which are excluded?

If possible, please give examples to better understand your response.

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Accounting Basics: What is meant by the terms research and development

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Accounting Basics: What is meant by the terms research and development

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