Prior to the first Australian accounting standard on research and development,costs associated with research and development were usually:
A) capitalised
B) expensed and reinstated
C) expensed in the period incurred
D) none of the above

Question

Quizplus · Accepted Answer

Prior to the first Australian accounting standard on research and development, costs associated with research and development were usually expensed in the period incurred.

Prior to the First Australian Accounting Standard on Research and Development,costs