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What is the research asset that the analyst should record

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Reference no: EM133060104

Question - As required under IFRS, Btown expenses research outlays when incurred. The following table provides an overview of Btown's research outlays (outlays occur evenly over the year):

 

2017

2018

2019

2020

2021

2022

Outlays

6,000

8,000

12,000

10,000

12,500

15,000

An analyst wants to adjust Btown's financial statements by capitalizing the company's research outlays and amortize them over 4.5 years. Btown's tax rate is 30%. What is the research asset that the analyst should record in the ending 2021 balance sheet?

Reference no: EM133060104

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