repeat the requirements in e11 26 assuming that carlson reports under ifrs assume al 4373620

Repeat the requirements in E11- 26 assuming that Carlson reports under IFRS. Assume all the conditions to capitalize development costs have been met and the project is completed on January 1. Capitalized development costs are amortized over four years. What is the difference between the research and development expense under U. S. GAP compared to IFRS? In E11-26 Description Amount Diagnostic equipment ( 5- year life, $ 10,000 residual value, SL method, purchased January 1) …………………………………… $ 500,000 Salaries of laboratory technicians………………………………… 325,000 Testing materials used in experimentation………………………… 137,500 Supplies used in the testing process………………………………… 23,500 Salary for engineer in the design phase of production……………… 87,000 Depreciation expense on research facilities………………………… 8,000 Total Cost of Research Activities…………………………………… $ 1,081,000 View Solution:
Repeat the requirements in E11 26 assuming that Carlson reports

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