Question: . How does IFRS treat development costs compared to US GAAP? a ) Both allow capitalization of development costs b ) US GAAP allows capitalization,
How does IFRS treat development costs compared to US GAAP?
a Both allow capitalization of development costs
b US GAAP allows capitalization, but IFRS requires expensing
c IFRS allows capitalization of development costs, while US GAAP requires expensing
d Both require expensing of development costs
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