Suppose a company spends $100,000 on research and development in 2021. As a result of the products developed, additional revenue is generated over the next five years totaling $600,000. When is the cost of the research and development in 2021 recognized as an expense? Multiple Choice
Full amount in 2026.
Evenly over the period 2021–2025.
Full amount in 2021.
Evenly over the period 2022–2026.