Illustrate what amount should be recognized as research

Reference no: EM13121534

Q. A company incurs research and development costs of $200,000 in 2011 of which $50,000 of these costs relate to development activities because certain criteria have been met which suggest that an intangible asset has been created.

What amount should be recognized as research and development expense in 2011 using U.S. GAAP?

What amount should be recognized as research and development expense in 2011 using IFRS?

Reference no: EM13121534

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