According to IAS 38 Intangible assets, which of the following statements are correct? 1 Research expenditure should not be capitalised. 2 Intangible assets are never amortised. 3 Development expenditure must be capitalised if certain conditions are met.
A、1 and 3 only
B、1 and 2 only
C、2 and 3 only
D、All three statements are correct
A、1 and 3 only
B、1 and 2 only
C、2 and 3 only
D、All three statements are correct
【参考答案及解析】
Research expenditure is never capitalised, development expenditure is capitalised if it meetscertain conditions per IAS 38. Intangible assets are amortised over their useful life, if the life of the asset is indefinite, then it does not have to be amortised
Research expenditure is never capitalised, development expenditure is capitalised if it meetscertain conditions per IAS 38. Intangible assets are amortised over their useful life, if the life of the asset is indefinite, then it does not have to be amortised