Research and development activities Intangible assets include goodwill, computer software, intellectual property and agricultural development costs. Agricultural development costs are development costs generated internally from research and development (R&D) activities. This is the first time development costs have been capitalized. Previously, in line with the requirements of MPERS, all research and development costs were charged as expenses in the period in which they were involved. Doesnt the standard not allow for the capitalization of internally generated intangible assets?