CERTYNEX IFRS ACADEMY

The Daveron group incurs the following expenditure during the year. Which item must be recognised in profit or loss as soon as it is incurred?

Cleaning and updating a customer file acquired when a business was bought.

Development expenditure, meeting all the criteria, on a separately acquired in-process research and development project.

The fees of a consultant who installs and tests a newly acquired software licence, before it goes live.

Non-refundable import duties paid on the purchase of a foreign licence.