SuperIdeas Corp,a publicly accountable entity,incurred the following costs in its research and development division:

At August 1,2018,SuperIdeas determined that the project was technically feasible but not commercially viable.How much,if any,of the costs can be capitalized for fiscal 2018?

Question

SuperIdeas Corp,a publicly accountable entity,incurred the following costs in its research and development division:

At August 1,2018,SuperIdeas determined that the project was technically feasible but not commercially viable.How much,if any,of the costs can be capitalized for fiscal 2018?

Quizplus · Accepted Answer

A)Capitalization criteria for development costs are not fulfilled.

SuperIdeas Corp,a Publicly Accountable Entity,incurred the Following Costs in Its