When the survey results come back, employees in the Kaydet that the lighting in the building is too low. They are 50 lights in the building. It will cost $50 to replace each light. The new lights are LED lights they are brighter and more efficient and last 10 years. It will save the company $350 per year and energy cost, plus make a brighter more productive workspace making employees happier. How many years will it take for the new lines to pay for themselves round to the nearest year

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.