Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge. R&D may result in ownership of intellectual property such as patents. In accounting for R&D costs, the development costs may be carried forward but the basic and applied research costs are often written-off as incurred. 
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USAGE EXAMPLE

In the video game Metal Gear Solid: Peace Walker, I assigned Huey Emmerich to the research and development team to create new weapons and items.