According to IAS 38 Intangible Assets, which of the following conditions would preclude any part of the development expenditure from being capitalized as an intangible asset? A The development is incomplete B The benefits flowing from the completed development are expected to be at least equal to its cost C Funds are unlikely to be available to complete the development D The development is expected to give rise to more than one product
According to IAS 38 Intangible Assets, which of the following conditions would preclude any part of the development expenditure from being capitalized as an intangible asset? A The development is incomplete B The benefits flowing from the completed development are expected to be at least equal to its cost C Funds are unlikely to be available to complete the development D The development is expected to give rise to more than one product
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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- According to IAS 38 Intangible Assets, which of the following conditions would preclude any part of the development expenditure from being capitalized as an intangible asset?
A The development is incomplete
B The benefits flowing from the completed development are expected to be at least equal to its cost
C Funds are unlikely to be available to complete the development
D The development is expected to give rise to more than one product
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