Under GAAP, which of the following costs can be capitalized?
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A. B. C. D.A
Drilling costs can be either expensed under Successful Efforts method or capitalized under the Full Cost method. R&D costs cannot be capitalized unless the costs are incurred on assets that have alternative uses. Similarly, internally developed Goodwill cannot be capitalized in the form of an asset. Only if it is purchased during an acquisition can it appear on the balance sheet in a capitalized form.