Because it is difficult to estimate the future value of research and development, fasb requires that research and development costs be treated as: an expense in the income statement.
This is the term that is used to refer to the new changes that may come into a nation based on the fact that there were breakthroughs made in the field of research in a particular field. This is one of the ways that a lot of nations are able to get ahead and also get stronger, economically and also in the field of science.
This is difficult to estimate hence the fasb requires that research and development costs be treated as: an expense in the income statement.
Read more on research and development here: https://brainly.com/question/18133163
#SPJ1
