alleryStart learning →A cost expensed in an earlier year, when the project later qualifies, is:
AAdded back after audit approval
BAdded back in the year of qualifying
CAdded back through reserves
DNever added to the asset's cost
Answer & Solution
Correct answer: D. Never added to the asset's cost
Once expensed in earlier annual or interim statements, the amount cannot be reinstated as part of an intangible's cost later.
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