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Find the amount to be capitalised by this company

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Question - Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2019: researcher's salary $50 000; research consumables $30 000; re-development of the detecting equipment $40 000; final adjustments to the detecting equipment $12 500. Find the amount to be capitalised by this company as an intangible asset, for the 2019 financial year?

a) $80000

b) $90000

c) $12500

d) $52500

Reference no: EM132530559

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