For IAS38 which of the following is NOT required for development expenditure to lead to an intangible asset? A)technical feasibility of completing saleable output. B)the intention to complete saleable output. C)the ability to sell the saleable output. D)existing customers for the saleable output.

Question

Quizplus · Accepted Answer

Existing customers for the saleable output are not required for development expenditure to lead to an intangible asset. The requirements for development expenditure to lead to an intangible asset according to IAS 38 are technical feasibility of completing saleable output, the intention to complete saleable output, and the ability to sell the saleable output.

For IAS38 Which of the Following Is NOT Required for Development