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Business, 02.06.2021 23:30 crimhill

Two pharmaceutical companies, Company A and Company B, internally develop drugs and drug analytics software. Company A reports in accordance with IFRS, and Company B reports in accordance with US GAAP. Which of the following statements is most accurate regarding the development costs of the drug patents and software development? A. Company A can capitalize the development costs related to software development if it meets certain criteria.
B. Company B can capitalize the development costs related to drug development if it meets certain criteria.
C. Both companies must expense all development costs related to these intangible assets.

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