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

Intangible Assets: Intangible assets which are not visible to others like goodwill , Patent Etc.,

Legal cost and filling cost are the cost is not related to intangible costs but the research and development expenses are the expenses which create the value for the company and creates the intangible assets.

So, answer = Option C = Research and development costs