21.    Under IFRS, research must be expensed but some development expenditures may be capitalized. To capitalize development expenditures, firms must demonstrate several factors that include all of the following except:   Multiple Choice   technical feasibility.   ability to use or sell the asset.   how the intangible asset will generate probable future economic benefits.   length of time the intangible asset is expected to provide benefits.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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21. 

 

Under IFRS, research must be expensed but some development expenditures may be capitalized. To capitalize development expenditures, firms must demonstrate several factors that include all of the following except:

 

Multiple Choice
  •  

    technical feasibility.

  •  

    ability to use or sell the asset.

  •  

    how the intangible asset will generate probable future economic benefits.

  •  

    length of time the intangible asset is expected to provide benefits.

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