IAS 38 requires the capitalization of development expenses. How does U.K. GAAP handle development expenses?
A. Expensed right away
B. Permits capitalization
C. Amortized at the firm’s choice
D. There is no specific requirement.
Answer:B
IAS 38 requires the capitalization of development expenses. How does U.K. GAAP handle development expenses?
A. Expensed right away B. Permits capitalization C. Amortized at the firm’s choice D. There is no specific requirement.