Which of the following costs incurred internally to create an intangible asset is generally expensed?
A) Research phase costs.
B) Filing costs.
C) Legal costs.
D) All of these choices are correct.

Question

Quizplus · Accepted Answer

Research phase costs are generally expensed because they do not meet the criteria for capitalization as an intangible asset until a specific project has been identified and it is probable that the asset will generate future economic benefits. Filing costs and legal costs, on the other hand, can be capitalized as part of the cost of acquiring or defending an intangible asset.

Which of the Following Costs Incurred Internally to Create an Intangible