Uncertainty exists if the information available to you does not establish how to develop or improve a product or the appropriate design of a product. Neither the nature of the product or improvement being developed, nor the level of technological advancement matters when making this determination. If you fail to choose the method for the first taxable year in which you incur such expenditures, you cannot do so in the subsequent taxable years unless you obtain the consent of the Commissioner.
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Build a city of skyscrapers—one synonym at a time. Explore the year a word first appeared. Definition of research and development: Word by Word Definitions research play. Why It Matters Research and development is more important to some companies than to others. Seen and Heard What made you want to look up research and development? Need even more definitions? At Corning, our culture of innovation has been more than years in the making.
We take tremendous pride in our people and the intellectual property they enable. Each year, Corning scientists receive hundreds of patents, evidence that we are developing breakthrough products at a rapid pace.
Research and development refers to the work a business conducts toward the innovation, introduction and improvement of its products and processes.
Research and development, abbreviation R and D, or R & D, in industry, two intimately related processes by which new products and new forms of old products are brought into being through technological innovation.
BREAKING DOWN 'Research And Development (R&D) Expenses' R&D is a type of systematic activity conducted by a company, which combines basic and applied research in an attempt to discover solutions. Research and Development offers two funding tiers in order to address projects at all stages of development and implementation. Tier I: Planning and Basic Research Tier I provides awards up to $75, for a period of performance of one to two years.
Research and development (R&D) aims to create new technology or information that can improve the effectiveness of products or make the production of products more efficient. How It Works Let's say company XYZ is a pharmaceutical company that produces pain relieving medication. Research and development (R&D) represents a large and rapidly growing effort in both industrialized and semi-industrialized nations. In the United States spent $ billion on industrial R&D and $32 billion on military R&D, for a total of $ billion, equal to percent of the gross national product (GNP).