REFERENCE: Ref.11_04 a Company Incurs Research and Development Costs of $200,000 in $200,000

question 38

Multiple Choice

REFERENCE: Ref.11_04
A company incurs research and development costs of $200,000 in 2008 and relates $50,000 of these costs to development activities subsequent to a point in time when certain criteria have been met that suggest that an intangible asset has been created.
-What amount should be recognized as research and development expense in 2008 using IFRSs?

• A)$50,000.
• B)$150,000.
• C)$200,000.
• D)$0.
• E)$250,000.

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