In view of the above, a company needs to be able to make a distinction between the 2 phases of its projects. The application and infrastructure development, graphical design and content development (content falls under development, to the extent that it is developed for purposes other than to advertise and promote an entityвЂ™s own products and services).The design, construction and testing of pre-production or pre-use prototypes and models and.Development does not include the maintenance or enhancement of ongoing operations.Д®xamples of development activities are:. вЂDevelopmentвЂ™ is the application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems or services, before the start of commercial production or use. The formulation, design, evaluation and final selection of possible alternatives for new or improved materials, devices, products, processes, systems or services.The search for alternatives for materials, devices, products, processes, systems or services and.The search for, evaluation and final selection of, applications of research findings or other knowledge.Activities aimed at obtaining new knowledge.Research costs are expensed as they are incurred. вЂResearchвЂ™ is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding. IAS 38 defines Research and Development as follows:

Ifrs capitalization criteria