a. Why does IFRS make a precise distinction between research costs and development costs? b. What are

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a. Why does IFRS make a precise distinction between research costs and development costs?
b. What are the unique features that led to the differing treatment between research and development costs? Why are these distinctions so fundamental to the treatment of these two classes of expenditures?
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Intermediate Accounting

ISBN: 978-0132612111

Volume 1, 1st Edition

Authors: Kin Lo, George Fisher

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