@aatoural – Just hit R&d in Ninja, here are my takeaways…
– equip with alternative future uses – capitalized and depreciated over useful life
– do not include anything that happens in commercial production
– do not include research for existing products
Good expenses
-design of jigs, molds, dies for new technology
-lab research at new knowledge
-services performed by other company for your company (exclude services you perform for other companies)
-Equipment for current project only (expensed in full)
-Development or improvement of techniques and processes
Jigs Molds
Routine design – not R&d
design for new technology – R&D
Amortization
Amortize patent or trademark
Goodwill is not amortized
legal costs (successful capitalized/unsuccessful expensed)
AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)