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CMA Pop Quiz #146: Planning, Budgeting, and Forecasting
Here is the answer to this week’s quiz:
All of the following are part of a capital investment budget except:
- A. Factory machine purchase price.
- B. Cost of disposing of the old machine being replaced.
- C. Installation of the factory machine.
- D. Research and development costs.
Correct Answer D
Research and development costs are period costs that must be expensed in the period incurred and are therefore not part of a capital budget.
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