Solution-Why would your position be superior to the

Why would your position be superior to the contrary one

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Question - GAAP requires that research and development (R&D) costs be treated as period costs and expensed, prohibiting capitalization. Because of this, when a company has an internally developed intangible asset, it does not show any value for it on its balance sheet. Only purchased intangibles, having a more identifiable value (cost) are carried as assets on balance sheets.

Many in the accounting field and in business, in general, believe that this rule should be changed. These critics argue that it is possible to derive the cost of internally developed intangibles accurately and that the current rule is just unfair since it forces companies to leave off their balance sheets a right that will yield benefits over multiple future periods.

What would be your position (for or against) on allowing companies to capitalize the cost internally developed intangibles? and why?

Why would your position be superior to the contrary one, stating the advantages and disadvantages of both?

Reference no: EM132924946

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Why would your position be superior to the contrary one

Reference no: EM132924946

Reference no: EM132924946

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