Under the IASB standards,which of the following criteria is not required for R&D capitalization?
A) Intention to complete the intangible asset and use or sell it.
B) Technical feasibility of completing the intangible asset so that it will be available for use or sale.
C) Availability of adequate technical,financial and other resources to complete the development and to use or sell the intangible asset.
D) Ability to measure reliably future economic benefits generated by the intangible asset.

Question

Quizplus · Accepted Answer

According to IAS 38, the ability to measure reliably future economic benefits generated by the intangible asset is a key criterion for recognizing an intangible asset. However, this is not a criterion for R&D capitalization. The other criteria (A, B, and C) are required for R&D capitalization.

Under the IASB Standards,which of the Following Criteria Is Not