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Question
Under IFRS, research must be expensed but some development expenditures may be capitalized. To capitalize development expenditures, firms must demonstrate several factors that include all of the following except
A. technical feasibility.
B. length of time the intangible asset is expected to provide benefits.
C. ability to use or sell the asset.
D. how the intangible asset will generate probable future economic benefits.
Answer
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