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> You can't even pull forward the depreciation if you abandon the research!

Why would that not be a write-down as a result of impairment of a capitalized asset?


avsteele
Practically speaking its because there is no asset, unlike other CapEx.

The law specifically does not permit this. You just can't deduct the expenditure except as over 60 months (and only 6 months in the first year)

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