Business, 02.04.2020 23:59 laurenrubin18

Honda Motor Company converted from U. S. GAAP to IFRS at the beginning of fiscal year 2015. At that time, Honda began capitalizing new development costs. It also applied capitalization rules of IAS 38 retroactively, recognizing development cost assets and amortization expenses as though it had capitalized these costs in earlier periods. Honda's 2017 annual report included the following information on research and development costs incurred during the three fiscal years after the conversion to IFRS.2015
2016
2017

Research and development expenditures incurred during the reporting period

¥670,331

¥719,810

¥659,918

Amount capitalized

(188,107)

(190,992)

(121,037)

Amortization of capitalized development costs

123,938

127,684

152,548

Total

¥606,162

¥656,502

¥691,429

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Honda Motor Company converted from U. S. GAAP to IFRS at the beginning of fiscal year 2015. At that...

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