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FR – Nov 2021 – L2 – Q6a – Property, Plant, and Equipment (IAS 16)

Explain research and development concepts and identify conditions for recognizing development costs as intangible assets.

An internally-generated intangible asset is an asset created by a company through its own efforts and by its nature does not exist physically.

Required:
a. i. Explain the terms: Research and Development and state TWO examples each. (4 Marks)
ii. Development costs must be recognized as an intangible asset if only some conditions can be satisfied. Identify FIVE such conditions. (5 Marks)

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BMF – May 2022 – L1 – SA – Q2 – Communications in Business

Identify the primary source of information when researching for a business report.

Which of the following is a primary source of information when researching for a business report?

A. Accounting data
B. Audit investigation
C. Bing
D. Customer database
E. Market research agencies

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FR – Nov 2021 – L2 – Q6a – Property, Plant, and Equipment (IAS 16)

Explain research and development concepts and identify conditions for recognizing development costs as intangible assets.

An internally-generated intangible asset is an asset created by a company through its own efforts and by its nature does not exist physically.

Required:
a. i. Explain the terms: Research and Development and state TWO examples each. (4 Marks)
ii. Development costs must be recognized as an intangible asset if only some conditions can be satisfied. Identify FIVE such conditions. (5 Marks)

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You're reporting an error for "FR – Nov 2021 – L2 – Q6a – Property, Plant, and Equipment (IAS 16)"

BMF – May 2022 – L1 – SA – Q2 – Communications in Business

Identify the primary source of information when researching for a business report.

Which of the following is a primary source of information when researching for a business report?

A. Accounting data
B. Audit investigation
C. Bing
D. Customer database
E. Market research agencies

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BMF – May 2022 – L1 – SA – Q2 – Communications in Business"

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