CERTYNEX IFRS ACADEMY

An in-process research and development project was acquired, either separately or in a business combination, and recognised as an intangible asset. Under which rules is the expenditure subsequently incurred on this project accounted for?

Under the business combination rules: it is measured at fair value at the date it is incurred

It is always added to the carrying amount, as the project has already passed the recognition test

It is included in goodwill when the project was acquired in a business combination

Under the rules for internally generated research and development (para. 54 to 62)