Which of the following costs should always be expensed as incurred?
A) the costs of externally acquired identifiable intangible assets
B) the costs incurred directly associated with establishing and successfully defending the rights associated with internally developed identifiable intangible assets
C) the costs of internally developed unidentifiable intangible assets
D) the costs of externally acquired unidentifiable intangible assets

Question

Quizplus · Accepted Answer

Costs of internally developed unidentifiable intangible assets should always be expensed as incurred because they cannot be reliably measured or directly associated with a specific identifiable asset that will generate future economic benefits.

Which of the Following Costs Should Always Be Expensed as Incurred