Firms generally treat expenditures to develop intangibles internally as
A)expenses when incurred.
B)expenses over the useful life.
C)assets.
D)liabilities.
E)goodwill.

Question

Quizplus · Accepted Answer

Firms typically treat expenditures to develop intangibles internally as expenses when incurred, according to accounting principles. This is because it's often uncertain whether future economic benefits will arise from these expenditures, making immediate expensing the conservative approach.

Firms Generally Treat Expenditures to Develop Intangibles Internally as