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Asked by Mantosh on :Mar. 16, 2018

Could we show the expense incurred on research ac…

Could we show the expense incurred on research activities as intangible assets?

Could we show the expense incurred on research activities as intangible assets?

0

Jeeba Mar. 16, 2018

No, accounting standard 26 states that cost incurred on research activities should be treated as expense and charged in profit and loss account.

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