Dev. Costs

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November 1, 2017 at 6:18 am #413924
abdulbasit16
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Sir Recognising development costs as an asset if recognition criteria is met is a requirement or an option?
November 5, 2017 at 8:55 pm #414465
P2-D2
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Hi,
You must capitalise once the criteria are met, it was an old requirement in IAS 38 where it was optional but that no longer exists. Companies must capitalise the development costs now.
Thanks
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