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According to IAS 38 Intangible Assets, which of the following types of research and development expenditure must be written off in the year it is incurred?   A         Costs of designing a pre-production prototype B          Legal costs in connection with registration of a patent C         Costs of searching for possible alternative products D         Costs of research work which are to be reimbursed by a customer

According to IAS 38 Intangible Assets, which of the following types of research and development expenditure must be written off in the year it is incurred?   A         Costs of designing a pre-production prototype B          Legal costs in connection with registration of a patent C         Costs of searching for possible alternative products D         Costs of research work which are to be reimbursed by a customer

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
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  • According to IAS 38 Intangible Assets, which of the following types of research and development expenditure must be written off in the year it is incurred?

 

A         Costs of designing a pre-production prototype

B          Legal costs in connection with registration of a patent

C         Costs of searching for possible alternative products

D         Costs of research work which are to be reimbursed by a customer

 

 

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