AAHCPA Definition

AAHCPA is American Association of Hispanic CPAs.

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BENEFIT PERIOD is the projected useful life time period over which an asset will be productive.

RESEARCH & DEVELOPMENT (R&D) is research as a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services. Development is the translation of the research findings into a plan or design of new or improved products and services.

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