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Briefly explain how research and development (R&D) expenditure should be accounted for according to the requirements of NZ IAS 38. (5 Marks) Briefly explain the
- Briefly explain how research and development (R&D) expenditure should be accounted for according to the requirements of NZ IAS 38. (5 Marks)
- Briefly explain the potential impacts of the accounting rules for R&D expenditure under NZ IAS 38 on the firm. (5 Marks)
- Briefly explain why employee skill is not recognised as an asset. (5 marks)
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