GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:28 Nov 6, 2006 |
Swedish to English translations [PRO] Bus/Financial - Finance (general) / financial reports | |||||||
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| Selected response from: Bjørnar Magnussen Local time: 09:27 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +3 | capitalize |
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capitalize Explanation: I think you are right, since product development costs would be expected to generate future income. Ref 1: "capitalize about 20% of the product's development costs." Ref 2: "(3) The accounting treatment of large expenses as part of a firm's assets. Thus, rather than treating an expense as a deduction from the income statement, it is treated as an investment and is expected to generate future income." Reference: http://www.isa.gov.il/english/download/meliaa/a49_SAB_10-1.p... Reference: http://www.ots.treas.gov/glossary/gloss-c.html |
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