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What is the amount that could be debited to drug development

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Reference no: EM133000560

Cue All Ltd under takes a lot of research and testing for drugs to treat many different health issues. Strict testing is required and if results are positive then government approval is sought for approval to then mass produce successful drugs.

Problem 1: In 2020, $230,000 was spent on testing prior to approval and $450,000 spent preparing to produce the drugs after approval was granted. $50,000 was spent marketing a new drug to treat 3 different cancers, what is the amount that could be debited to Drug Development Intangible asset in 2020?

a.$50,000
b.$230,000
c.$450,000
d.$730,000

Reference no: EM133000560

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