Under IFRS, Costs in the Development Phase Are

Multiple Choice

Under IFRS, costs in the development phase are

A) never capitalized, but expensed as they are under U.S. GAAP.
B) capitalized if they exceed development phase costs incurred for previously successful ventures.
C) capitalized once technological feasibility is achieved.
D) capitalized on an interim basis, but then expensed prior to the end of the company's fiscal year.