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Course Development Costs

NMIT undertakes development of course materials for new and existing educational courses.  The costs involved in course development may give rise to an intangible asset from which NMIT derives benefits over more than one year.  In such cases, the course development costs should be capitalized and amortised over the useful life of the asset.


The purpose of this document is to state NMIT’s policy with regard to the accounting treatment of course development costs.