Dom-coursework-89357 Financial Accounting 3e by Poteau & Malhotra Class Lab Chapter 6 Homework d. $0 Book Topic covered in 6.2 Report a problem 7. Which of the following statements is true? a. Under both U.S. GAAP and IFRS, internally-generated costs to develop intangible assets may be capitalized as part of the intangible asset's cost. b: Under U.S. GAAP, most research and development costs may be capitalized as assets and amortized. c. Under IFRS, research costs are expensed as incurred but development costs may be capitalized as a part of the intangible asset's cost if certain conditions are met. d. Under IFRS, all research and development costs must be expensed immediately. Topic covered in 6.2 Report a problem 8. Blue Co. acquired coal mines for $86,000,000 on February 10, 20X7 which were estimated to contain 30,000,000 tons of coal. After all of the coal is mined, the salvage value of the property is estimated at $5,000,000. During 20X7, 3,000,000 tons of coal were mined and 2,500,000 tons of coal were sold. At December 31, 20x7, 500,000 tons of coal remained in ending inventory. What is the depletion rate per ton of coal? a. $2.87 Ob. $3.19 c. $2.70 Od. $2.61 9 Plus C Topic covered in 6.3 Report.a.problem