As in GAAP - under both IFRS and GAAP Under IFRS however...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
As in GAAP, under IFRS the costs associated with research and development are segregated into the two components. Costs in the research phase are always expensed
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: under both IFRS and GAAP. Under IFRS, however, costs in the development phase are capitalized as Development Costs once technological feasibility is achieved....
View Full Document

This note was uploaded on 01/03/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

Ask a homework question - tutors are online