Multiple Choice
According to AASB 138 Intangible Assets,activities undertaken in the 'research' phase of the generation of an asset may include:
A) the application of knowledge to a design for the production of new materials.
B) original and planned investigation with the prospect of gaining new scientific knowledge.
C) the use of research findings to create a substantially improved product.
D) using knowledge to materially improve a manufacturing device.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The application of research findings to a
Q11: From an accounting perspective,expenditure on development is:<br>A)expensed
Q12: AASB 138 Intangible Assets,requires that an intangible
Q13: The cost of an intangible asset is
Q14: Which of the following intangibles may be
Q16: Customer service capability does not qualify for
Q17: Financial statements do not recognise any attempts
Q18: If the cost of an intangible asset
Q19: Lewis Limited was involved in a mining
Q20: Assets that could potentially meet the identifiability