The following costs are incurred during the research and development phases of a laser bone scanner Identify which of these are development phase items and will be immediately expensed underU.S. GAAP and IFRS.U.S. GAAP IFRS
A) $1,200,000 $1,200,000
B) 2,400,000 1,400,000
C) 2,400,000 3,400,000
D) 3,400,000 3,400,000

Question

The following costs are incurred during the research and development phases of a laser bone scanner  Identify which of these are development phase items and will be immediately expensed underU.S. GAAP and IFRS.U.S. GAAP IFRS
A) $1,200,000 $1,200,000 
B) 2,400,000 1,400,000 
C) 2,400,000 3,400,000 
D) 3,400,000 3,400,000

Quizplus · Accepted Answer

The Answer of The following costs are incurred during the research and development phases of a laser bone scanner  Identify which of these are development phase items and will be immediately expensed underU.S. GAAP and IFRS.U.S. GAAP IFRS
A) $1,200,000 $1,200,000 
B) 2,400,000 1,400,000 
C) 2,400,000 3,400,000 
D) 3,400,000 3,400,000

The Following Costs Are Incurred During the Research and Development