What is the cost effect of the productivity component (c)?

Which of the following costs incurred internally to create an intangible asset is generally expensed?

a. Research and development costs. b. Filing costs. c. Legal costs. d. All of the above.

Which of the following best describes an intangible drilling cost?

A) Tax liability. B) Labor, fuel, or drilling rig rental. C) Proven reserve of oil or gas. D) Exploratory well drilling.