Conditions for development costs to be treated as an asset:
P robable future economic benefits will generated by the asset
I ntention to complete and use/sell asset
R esorces adequate and available to complete and use/sell asset
A bility to use/sell asset
T echnical feasibility of completing asset for use/sale
E xpenditure can be measured reliable
Where costs meet all the criteria, is must be capitalised as an intangible non-current asset and amortised over its useful life.
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