Which of the following costs incurred internally to create a

Which of the following costs incurred internally to create an intangible asset is generally expensed? Select one: a. Legal costs b. All of these answer choices are correct. c. Research and development costs. d. Filing costs

Solution

c. Research and Development cost is the cost incurred internally to create intangible assets is generally expensed.An intangible asset arising from development phase of internal project is passed out through various trial and error process then finally an intangible asset create.So, therefore to conduct various trial and error company has to incurred huge cost on research and development which makes an intangible assets expensed.