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We are doing some research on improving productivity of an equipment we sell. Can we capitalize the costs associated with this under IFRS?
in IAS 38 - Intangible Assets by
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IAS38.53 states that no intangible asset arising from research shall be recognised, meaning all expenditure incurred on research shall be recognised as expense when it is incurred. this is due to the fact that it is usually impossible to demonstrate that an intangible asset exists that will  generate future economic benefits to the entity.

I hope it is clear.
by Level 3 Member (5.7k points)