Under the IASB Standards,which of the Following Criteria Is Not

question 16

Multiple Choice

Under the IASB standards,which of the following criteria is not required for R&D capitalization?

• A) Intention to complete the intangible asset and use or sell it.
• B) Technical feasibility of completing the intangible asset so that it will be available for use or sale.
• C) Availability of adequate technical,financial and other resources to complete the development and to use or sell the intangible asset.
• D) Ability to measure reliably future economic benefits generated by the intangible asset.

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Definitions:

Neon Sign

A lighting display made of glass tubes that have been filled with a gas and bent into the shape of letters or decorative designs, which emit light when electrified.

Perceive Complete

The ability or tendency to see something as fully formed or entirely comprehensible, often filled in by the mind's understanding.

Relative Motion

The concept that the motion of an object is always determined relative to some other object.

Perceiving

The process of becoming aware of something through the senses, a fundamental aspect of human cognition and experience.