Which of the following are valid reasons for capitalising development costs? (a) For properly matching the cost

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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

(d) Otherwise there would be an anomaly between a developed asset and purchased one

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 06:50 AM

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Which of the following are valid reasons for capitalising development costs? (a) For properly matching the cost

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wa, c&d x b, c & d y All four a, b & d z

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Financial Accounting An Introduction

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