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SSAP 13 Accounting For Research and Development File PDF

Research and development costs refer to costs incurred for activities aimed at obtaining new scientific or technical knowledge and understanding. These costs should be expensed as incurred unless they meet strict criteria to be capitalized as an intangible asset. Capitalized research and development costs should be amortized over their useful lives once commercial production or use begins.

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121 views14 pages

SSAP 13 Accounting For Research and Development File PDF

Research and development costs refer to costs incurred for activities aimed at obtaining new scientific or technical knowledge and understanding. These costs should be expensed as incurred unless they meet strict criteria to be capitalized as an intangible asset. Capitalized research and development costs should be amortized over their useful lives once commercial production or use begins.

Uploaded by

pcg20013793
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Statement of standard accounting practice No. 13.

Revised January 1989

Accounting for research


and development
Printed in England by Stephen Austin and Sons Limited ISBN 0 85291 985 9

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