Under USGAAP,development Expenditures Are Capitalized,while Under IFRS,these Expenditures Must Be Expensed

question 8

True/False

Under U.S.GAAP,development expenditures are capitalized,while under IFRS,these expenditures must be expensed immediately.

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Definitions:

College Education

Attainment of higher learning and skills obtained by attending an institution of higher education, such as a college or university.

Insurance Settlement

The payment made by an insurance company to a claimant, policyholder, or beneficiary under the terms of the insurance policy.

Present Value

The current financial worth of a forthcoming sum of money or sequence of cash flows, with a particular rate of interest in mind.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.