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Posted by PiPPo on May 2, 2007, 11:57 pm
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Hi guys,
with a friend of mine we are in the process of starting up a business.
We need to develop a concept and, it is my understanding that if the
design is developed internally it is classified as R&D and hence
expensed. On the other hand if we buy the design/concept, we can
capitalize it and therefore smooth income. It is my understanding
correct?
thank you very muc,
PiPPo
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