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What is the total amount that is eligible to be capitalized

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Reference no: EM133107622

Question - Details below are for a company who incurred research and development expense for an internally generated asset

Description Expense

Legal fees $2,000

General advertising and promotional costs 10,000

General administration and overhead 3,000

Staff software training 20,000

Cost of materials 25,000

Fees to register legal rights 5,000

Research phase 10,000

Total $75,000

Required - What is the total amount that is eligible to be capitalized?

Reference no: EM133107622

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