Which of the following costs incurred internally to create an intangible asset is generally expensed?

Question

Quizplus · Accepted Answer

Costs incurred during the research phase of developing an intangible asset are generally expensed as they do not meet the criteria for capitalization. Filing costs and legal costs, on the other hand, are usually capitalized as part of the cost of creating the intangible asset. Therefore, the correct choice is A, because research phase costs are the only costs that are generally expensed.

Which of the Following Costs Incurred Internally to Create an Intangible