Under U.S. GAAP, the cost of internally developed intangible assets is charged as an expense of the period in which the costs are incurred.

Name: Under U.S. GAAP, the cost of internally developed intangible assets is charged as an expense of the period in which the costs are incurred.
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Under U.S. GAAP, costs related to internally developed intangible assets, such as research and development, are generally expensed as incurred rather than capitalized.

Under US GAAP, the Cost of Internally Developed Intangible Assets Is