Under IFRS,research Must Be Expensed but Some Development Expenditures May

question 156

Multiple Choice

Under IFRS,research must be expensed but some development expenditures may be capitalized.To capitalize development expenditures,firms must demonstrate several factors that include all of the following except

• A)technical feasibility.
• B)length of time the intangible asset is expected to provide benefits.
• C)ability to use or sell the asset.
• D)how the intangible asset will generate probable future economic benefits.

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Definitions:

Delegation

Process of assigning another member of the health care team to be responsible for aspects of patient care (e.g., assigning nurse assistants to bathe a patient).

Circumstances

The conditions or facts affecting a situation, event, or action, which can influence the outcome or required response.

Supervision

The act of overseeing or directing work or workers to ensure that tasks are carried out properly and safely.

Nursing Assistive Personnel

Those who support nursing staff in providing patient care, including nursing aides, orderlies, and patient care technicians.