R&E Expenditures . In 2019, Phoenix Corporation acquires a new research facility and hires…
R&E Expenditures . In 2019, Phoenix Corporation acquires a new investigation address and hires diverse scientists to expand new products. No new products are expanded until 2020, although the subjoined expenditures were incurred :
a. What are Phoenix Corporation's impoverishment for R&E expenditures in 2019 and 2020 if the expensing rule is elected?
b. How would your vindication to Part a exexchange if the deferral and amortization rule were elected and the amortization conclusion were 60 months?