Which of the following are valid reasons for capitalising development costs? (a) For properly matching the cost
Question:
Which of the following are valid reasons for capitalising development costs?
(a) For properly matching the cost of a development with benefits arising therefrom
(b) To ensure that resources available for generating income are fully reported
(c) Otherwise there will be reluctance to develop new projects
(d) Otherwise there would be an anomaly between a developed asset and purchased one
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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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