R&D Project Classified as an Intangible Asset

DazLock

Hi All,
I need help in understanding this please!
If a R&D project has been classified as intangible asset, what happens when the project reaches fruition?
My thinking is you keep the intangible asset which you amortise (as it includes costs like wages etc linked to the project) and you gain a fixed asset which you would value separately to the intangible costs. Or, alternately, do you move all the intangible asset costs back into the P&L in the year where you create the fixed asset? If this is the case, it would possibly defeat the object of classifying as intangible asset as the client wants to keep his P&L looking respectable.

Really not sure, so am hoping to get your feedback on this please.

Thanks in advance!