11-02-2007, 12:31 AM
Its PAC's book on IFRS (Vol 1). It includes among the examples of development expenditures "the design, construction, and testing of pre-production or pre-use prototypeand models". And for recognition cost could be measured reliably and future economic benefits are probable.
Still I didn't find anything very conclusive in the standards regarding recognition of prototypes as intangibles.
Still I didn't find anything very conclusive in the standards regarding recognition of prototypes as intangibles.