6 necessary conditions for recognizing development cost as intangible assets

6 necessary conditions for recognizing development cost as intangible assets.

According to IAS 38 intangible assets, development expenditure are capitalized if the entity can demonstrate the following conditions



  • The technical feasibility of completing the intangible asset so that it will be available for use or for sale
  • Its intention is to complete the intangible asset and use or sell it
  • Its ability to use
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