Converting R&D Expenses
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I really enjoyed this book. It captures the essential challenge people face as they try make sense of their lives and grow to adulthood.

Converting R&D Expenses

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This spreadsheet converts R&D expenses from operating to capital expenses. It makes the appropriate adjustments to operating income, net income, the book value of assets and the book value of equity. (It can also be used to convert other intangible assets, such as human capital, into capital invested.)

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School (www.damodaran.com)

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