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Intangible Asset

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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December 19, 2021 at 12:29 pm #644545
Hussain
Participant
- Topics: 24
- Replies: 25
Does Capitalising development Cost Means Showing the Amount Spent under development phase As a Separate Non Current Asset in SFP
OR Show the Amount as Actual Cost of an Asset developed after R&D under Non current asset Section….. For Example As Value Of Eight door CAR in SFP
December 19, 2021 at 2:55 pm #644549
John Moffat
Keymaster
- Topics: 57
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The amount of the development cost (assuming that it fulfils the conditions) is shown as a separate item under the heading non-current assets (and is then amortised).
(Although appreciate that you cannot be asked to produce an SOFP in the exam.)
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