ACC 304 All Assignments ACC 304 All Assignments | Page 203
d. Expensed over current and/or future years.
24.
Costs incurred internally to create intangibles are
a. capitalized.
b. capitalized if they have an indefinite life.
c. expensed as incurred.
d. expensed only if they have a limited life.
25. Which of the following costs incurred internally to create an
intangible asset is generally expensed?
a. Research and development costs.
b. Filing costs.
c. Legal costs.