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Comment by crazygringo

3 years ago

I don't know why you're saying "of course you don't" when it's been that way every year until now.

People are freaking out because it's a gigantic change that there wasn't any awareness around.

R&D spending used to be ridiculously privileged - you could operationalize your loss and in some cases still capitalize the transferrable portion of the resulting assets. People don't really understand that. However, this kind of accounting makes things like government grants work, so it's not exactly good that it changed this way.