IAS 38 requires the capitalization of development expenses in R&D. How does U.K. GAAP handle...

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Accounting

IAS 38 requires the capitalization of development expenses in R&D. How does U.K. GAAP handle such development expenses?

  • Expensed right away
  • Permits capitalization
  • Amortized at the firm's choice
  • There is no specific requirement.

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