Under International Financial Reporting Standards (IFRS), development expenditures are:

Question

Quizplus · Accepted Answer

IFRS allows for the capitalization of development expenditures if they meet certain criteria, including the technical feasibility of completing the asset, the intention to complete and use or sell the asset, the ability to use or sell the asset, and the ability to measure the expenditure reliably. If these criteria are not met, the development expenditures must be expensed in the period incurred.

Under International Financial Reporting Standards (IFRS), Development Expenditures Are