We expense internally generated intangible assets,such as research and development and advertising costs,as we incur them.

Question

Quizplus · Accepted Answer

According to accounting standards, internally generated intangible assets such as research and development and advertising costs should be expensed as they are incurred, rather than being capitalized and amortized over time. Therefore, the statement is true.

We Expense Internally Generated Intangible Assets,such as Research and Development