miltonics potions ltd mpl is a privately held ontario corporation engaged in the development and marketing of patent medicines in early 20×1 the companys

Required
a) On a year- by- year basis, describe the alternative accounting methods that MPL could use for the costs incurred in developing, patenting, and defending the new product. Do not use hindsight in arriving at your alternatives.
b) Explain what additional information you would need and what criteria you would use to make a decision on the alternative to adopt for each year.