Which of the following methods are acceptable for the tax treatment of research and experimentation expenditures? (Check all that apply.)
Expense the costs immediately.
Capitalize the costs and depreciate them using MACRS with a 7-year recovery period.
Capitalize the costs and amortize them over the determinable useful life.
Capitalize the costs and amortize them over not less than 60 months beginning in the month benefits are first derived from the research.
