Accounting · IAS 38 Intangible Assets
According to IAS 38 Intangible Assets, which of the following statements concerning the treatment of research and development costs is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Development costs must be capitalised from the inception of the project.
- 2Research costs must always be recognised as an expense when incurred.✓
- 3Development costs must always be treated as an expense regardless of criteria.
- 4Research costs may be capitalised if technical feasibility is demonstrated.
Correct answer
Research costs must always be recognised as an expense when incurred.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice IAS 38 Intangible Assets MCQs →Want more practice questions on IAS 38 Intangible Assets?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · IAS 38 Intangible Assets