If a development projects meets with all the conditions stipulated in IAS 38, the requirement of the
Question:
If a development projects meets with all the conditions stipulated in IAS 38, the requirement of the standard is that the costs of that project:
(a) Shall be fully written off as expense
(b) Shall be fully capitalised
(c) May be capitalised depending on company’s policy
(d) May be partly capitalised and partly expensed
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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