What’s your understanding on Research and Development (R&D)? What will be included in research and development costs and how should that be recorded according to GAAP, what does IFRS say about R&D cost? What if R&D cost is recorded as assets, not expense and how will that affect the financial statements? Why are some intangible assets amortized whereas others are not?

Answer rating: 100% (QA)

Development costs capitalized in 2017 1426 million Total ... View the full answer