According to International Financial Reporting Standards,all research and development expenditures are expensed in the period incurred.

Question

Quizplus · Accepted Answer

While all research expenditures are expensed in the period incurred, development expenditures may be capitalized if certain criteria are met, such as the ability to demonstrate technical feasibility and a clear pathway to economic benefit.

According to International Financial Reporting Standards,all Research and Development Expenditures