Firms Treat Expenditures to Develop Intangibles Internally as Assets Under

Multiple Choice

Firms treat expenditures to develop intangibles internally as assets under U.S.GAAP when _____ the point of technological feasibility; and under IFRS when _____ the point of technological feasibility.

A) software development costs are incurred after; development costs are incurred generally after
B) software development costs are incurred after; development costs are incurred generally before
C) software development costs are incurred before; development costs are incurred generally before
D) software development costs are incurred before; development costs are incurred generally after
E) none of the above.