art Time 0530 PM Remaining 175 min Research Development cos

art Time: 05:30 PM/ Remaining: 175 min. Research & Development costs that could lead to new products should be recorded as: O Plant Assets O Intangible Assets Expenses . Liabilities

Solution

Answer is Intangible assets.

Explanation:

Successful research and development cost is the cost which derives benefit in the future. Hence it will be treated as intangible assets and hence shall be amortized during the period for which it will provide benefits.