Intangibles – internal vs acquired

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    Topic
  • November 16, 2015 at 2:10 am #198296
    ks0406
    Member

    Hello!

    FAR exam in approaching real soonnnnnn ahhhhh

    Could someone clarify if the below is correct?

    1. Internally developed Intangibles -> Expensed

    2. Acquired/purchased intangibles from others -> capitalized

    Or do I have them flipped??? ]

    Thank you!

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