Which of the following statements relating to intangible assets is/are correct? (a) Research on market potential, prior
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Which of the following statements relating to intangible assets is/are correct?
(a) Research on market potential, prior to launching a product, can be capitalised
(b) Applied research, calculated to achieve a stated aim, can be capitalised
(c) An asset should never be capitalised if it has no physical existence
(d) A resource, though intangible, may be capitalised if it qualifies to be capitalised, if it is identifiable and meets the capitalisation criteria
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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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