Accounting · IAS 38 Intangible Assets
Classify the following activities as Research or Development in accordance with IAS 38 Intangible Assets: 1. The construction of a scale model of a pilot plant2. Activities aimed at obtaining new knowledge3. Testing of pre-production prototypes4. The search for alternative uses of products that are already manufactured
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1RESEARCH = 1, 2; DEVELOPMENT = 3, 4
- 2RESEARCH = 2, 4; DEVELOPMENT = 1, 3✓
- 3RESEARCH = 2, 3; DEVELOPMENT = 1, 4
- 4RESEARCH = 3, 4; DEVELOPMENT = 1, 2
Correct answer
RESEARCH = 2, 4; DEVELOPMENT = 1, 3
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