Under International Financial Reporting Standards, development expenditures are:

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Under IFRS, development expenditures can be capitalized if certain criteria are met. These criteria include demonstrating the technical feasibility of the project, having the intention and ability to complete the project, and having a reliable estimate of future economic benefits. If these criteria are met, the development costs can be capitalized and amortized over the useful life of the asset. If the criteria are not met, the development costs must be expensed in the period incurred.

Under International Financial Reporting Standards, Development Expenditures Are