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intangibles

This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.

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December 20, 2018 at 10:01 am #492366
hadiraza982
Member
- Topics: 14
- Replies: 10
Hello,
in OT notes of chap 7 intangibles Example 2, it is mentioned investigating phase is a research phase so it goes into SPL but my qusetion is its also says in quest that future feasability of a product is guranteed, which met the criteria to capitalised that research cost.
please clear me if im wrong.
Thanks
December 24, 2018 at 9:44 pm #492636
P2-D2
Keymaster
- Topics: 4
- Replies: 7079
Hi,
It is only once we have found that it is feasible in the future that any further costs can be capitalised, and costs previously expenses cannot be subsequently capitalised and will stay as written off through profit or loss.
Thanks
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