Which of the following statements is false?
A) For an "intangible" asset to be recognized, there must be a probability of it generating future economic benefit and be capable of being measured
B) Research expenditure may be treated as capital expenditure
C) Development expenditure may be treated as capital expenditure
D) Internally generated intangibles, such as brands, should not be capitalized

Question

Quizplus · Accepted Answer

Research expenditure is typically treated as an expense rather than capitalized because it does not meet the criteria for recognizing an asset, which includes the ability to demonstrate future economic benefits directly associated with the expenditure.

Which of the Following Statements Is False