Answer:
TRUE.
Step-by-step explanation:
Capital budgeting is the process of planning and managing a company's long-term investments in capital assets, which includes research and development projects.
Capital assets are investments in long-term resources that are expected to generate value for the company over a period of several years.
Research and development projects are considered capital investments because they often require significant upfront investment and may take several years to complete, but they can generate value for the company in the form of new products, processes, or technologies.