IFRS differs from U.S. GAAP in the development phase in that costs are capitalized once technological feasibility is achieved.

Name: IFRS differs from U.S. GAAP in the development phase in that costs are capitalized once technological feasibility is achieved.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under IFRS, costs related to the development phase can be capitalized once technological feasibility is achieved, whereas under U.S. GAAP, costs can only be capitalized once the product is ready for its intended use.

IFRS Differs from U