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QUESTION 10 IAS 38/MFRS138 requires an entity to expense the expenditure on internally generated intangible assets at the research phase because _______________________________. A. It is

QUESTION 10

  1. IAS 38/MFRS138 requires an entity to expense the expenditure on internally generated intangible assets at the research phase because _______________________________.

    A.

    It is not a monetary asset.

    B.

    It is not easy to demonstrate the identifiable criterion.

    C.

    The expenditure incurs on an item with an indefinite useful life.

    D.

    The entity cannot demonstrate that the expenditure will general probable future economic benefits.

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