Blanco chemical company spent 15000000 in development

Reference no: EM13593456

Blanco Chemical Company spent 15,000,000 in development efforts to create a fertilizer for which it was able to obtain a patent; however, the expected distribution costs make it infeasible to market the chemical in the foreseeable future. According to IAS 38, how should Blanco Chemical Company record the 15,000,000?

Reference no: EM13593456

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