How should research and development expenditure be dealt with in an entity's financial statements? a) Research and development expenditure should always be capitalised as an intangible asset b) Research expenditure should always be written off as an expense but development expenditure should always be capitalised as an intangible asset c) Research and development expenditure should always be written off as an expense d) Research expenditure should always be written off as an expense but development expenditure should be capitalised as an intangible asset if it satisfies certain conditions
A.
Research and development expenditure should always be capitalised as an intangible asset
B.
Research expenditure should always be written off as an expense but development expenditure should always be capitalised as an intangible asset
C.
Research and development expenditure should always be written off as an expense
D.
Research expenditure should always be written off as an expense but development expenditure should be capitalised as an intangible asset if it satisfies certain conditions