Most of the costs associated with internally developed intangible assets are recorded as intangible assets on the balance sheet.We expense most of the costs for internally developed intangible assets to the income statement as we incur them.

Question

Quizplus · Accepted Answer

Most of the costs associated with internally developed intangible assets are expensed to the income statement as they are incurred, not recorded as intangible assets on the balance sheet. Only certain costs, such as legal fees and registration costs, may be capitalized as part of the intangible asset's cost.

Most of the Costs Associated with Internally Developed Intangible Assets