Under IFRS,research must be expensed but some development expenditures may be capitalized.To capitalize development expenditures,firms must demonstrate several factors that include all of the following except

Question

Quizplus · Accepted Answer

Under IFRS, to capitalize development expenditures, firms must demonstrate technical feasibility, ability to use or sell the asset, and how the intangible asset will generate probable future economic benefits. The length of time the intangible asset is expected to provide benefits is not a criterion for capitalization.

Under IFRS,research Must Be Expensed but Some Development Expenditures May