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Which one of the following is capitalized as intangible? an OMR 125,000 spent on development of a new product but later due to non-feasibility company discontinued to commit funds for the process Developing cost OMR 85,000 of a new process that shall significantly save cost for the company The company spent OMR 12,000 for designing a new company logo for the business Marketing cost of OMR 150,000 spent by company that led to increase in sale of the company significantly

Which one of the following is capitalized as intangible? an OMR 125,000 spent on development of a new product but later due to non-feasibility company discontinued to commit funds for the process Developing cost OMR 85,000 of a new process that shall significantly save cost for the company The company spent OMR 12,000 for designing a new company logo for the business Marketing cost of OMR 150,000 spent by company that led to increase in sale of the company significantly

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which one of the following is capitalized as intangible? an OMR 125,000 spent on development of a new product but later due to non-feasibility company discontinued to commit funds for the process Developing cost OMR 85,000 of a new process that shall significantly save cost for the company The company spent OMR 12,000 for designing a new company logo for the business Marketing cost of OMR 150,000 spent by company that led to increase in sale of the company significantly
Transcribed Image Text:Which one of the following is capitalized as intangible? an OMR 125,000 spent on development of a new product but later due to non-feasibility company discontinued to commit funds for the process Developing cost OMR 85,000 of a new process that shall significantly save cost for the company The company spent OMR 12,000 for designing a new company logo for the business Marketing cost of OMR 150,000 spent by company that led to increase in sale of the company significantly
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