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thanh123.
thanh123.-
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thanh123
- Topics: 40
- Replies: 26
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Hello, I have a question of IAS 38.
In the research stage, it occurs $10m for material, labour, overhead,…… But when it moves into the development stage, assuming that all conditions have been meet to be capitalised as intangible asset. So, all $10m from research stage is capitalised as intangible asset ?
Hope to obtain your explanation. Thanks tutor
P2-D2
- Topics: 4
- Replies: 6119
- ☆☆☆☆☆
Hi,
No, what has been previsouly expensed remains written off. It is only subsequent expenditure that is capitalised as development costs.
Thanks
thanh123
- Topics: 40
- Replies: 26
- ☆☆
Previous expenses in research stage is written off ?, you means that these expenses should be eliminated ?. You will adjust retrospectively ?
P2-D2
- Topics: 4
- Replies: 6119
- ☆☆☆☆☆
No, anything that has been written off remains written off. It is only subsequent expenditure that is capitalised once the criteria have been met.
thanh123
- Topics: 40
- Replies: 26
- ☆☆
oh oh, I think that I have already known your explanation. Thanks tutor.
thanh123
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