Comment by throwawaymaths
Comment by throwawaymaths 8 days ago
no, it's not wanting to be favored, it's wanting to be treated the same as any other company with expenses.
Comment by throwawaymaths 8 days ago
no, it's not wanting to be favored, it's wanting to be treated the same as any other company with expenses.
yeah read the whole thread. im arguing that R&D (im not talking about software R&D) should not be special cased as an expense class and a company should be allowed to choose to depreciate or not (just declare which).
ianal but my understanding is:
Under Section 179 of the IRS code, businesses can elect to expense the cost of a fixed asset in the year of purchase, subject to certain limits and restrictions
the accounting rules that require capitalizing R&D are the same for all companies, and the amortization is expensed.