AASB 138 Intangibles, Defines the 'Research' Phase of the Generation

question 2

Multiple Choice

AASB 138 Intangibles, defines the 'research' phase of the generation of an asset as:

• A) the use of research findings to create a substantially improved product.
• B) using knowledge to materially improve a manufacturing device.
• C) the application of knowledge to a design for new production processes.
• D) original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge or understanding.