What is the criteria for development costs?

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1147275

2026-04-10 17:25

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Development costs are typically capitalized when they meet specific criteria, such as the technical feasibility of completing the asset, the intention to complete it for use or sale, and the ability to use or sell it. Additionally, the organization must demonstrate that it has the resources necessary to complete the project and can reliably measure the costs attributable to the development phase. Costs that do not meet these criteria are generally expensed as incurred.

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