When subsequent expenditure on intangible assets occurs the costs are:
A) recognised directly in retained earnings account;
B) immediately expensed;
C) transferred to a revaluation reserve account;
D) capitalised.

Question

Quizplus · Accepted Answer

Subsequent expenditure on intangible assets is typically expensed immediately unless it meets specific criteria for capitalization, such as enhancing the future economic benefits of the asset.

When Subsequent Expenditure on Intangible Assets Occurs the Costs Are