Final answer:
The costs most likely to be capitalized when creating an intangible asset include Development costs once technological feasibility is established, as well as Legal fees related to patent or trademark protection. Employee salaries can be capitalized if directly related to the development phase, whereas Research costs are typically not capitalized.
Step-by-step explanation:
When a company creates an intangible asset, the costs that are most likely to be capitalized include Development costs and Legal fees. Development costs are typically capitalizable once technological feasibility has been established, and they include costs incurred in the design, coding, and testing of a product.
Legal fees associated with securing a patent for an invention or a trademark are also capitalizable, as they are directly related to the creation of the intangible asset that provides future economic benefits.
Employee salaries may potentially be capitalized if they are directly attributable to the development phase. However, it is important to note that Research costs are generally not capitalized according to accounting standards. They are expensed as incurred because the future economic benefits related to research are uncertain.