IAS 38 Intangible Assets governs the accounting treatment of expenditure on research and development.
The following statements about the provisions of IAS 38 may or may not be correct. (1) Capitalised development expenditure must be amortised over a period not exceeding five years.
(2) If all the conditions specified in IAS 38 are met, development expenditure may be capitalised if the directors
decide to do so.
(3) Capitalised development costs are shown in the balance sheet under the heading of Non-current Assets.
(4) Amortisation of capitalised development expenditure will appear as an item in a company’s statement of
changes in equity. Which of these four statements are in fact correct?
A 3 only
B 2 and 3
C 1 and 4
D 1 and 3
A | 
发表于 2008-5-13 09:46
| 
