US GAAP

CFA Level I
#1

Under GAAP, a company A. can capitalize all research and development expenditures. B. can capitalize goodwill if it believes that its assets are more valuable than their book value. C. cannot capitalize intangible assets even if they are bought in an arms length transaction since their valuation is subject to great uncertainty. D. can capitalize software costs incurred after economic feasibility of the product has been determined

#2

D. can capitalize software costs incurred after economic feasibility of the product has been determined

#3

Yup D

#4

I say D as well

#5

actually I learnt that software dvp costs are operating in nature and should be expensed as incurred under US Gaap… D would be correct for IAS ??? what am I missing ? :s but yes u got the correct answer