Glass 4 Windows is involved in a research and development project to create a filtering window that removes the need for curtains.For the current year ended 30 June 2004 expenditure on the project is as follows: The window is expected to earn revenues of $70,000 per year for the 10 years commencing 1 July 2004.Assuming straight-line amortisation,how much of the research and development cost should be expensed this period and what amount should be amortised in the year ended 30 June 2007?

Question

Glass 4 Windows is involved in a research and development project to create a filtering window that removes the need for curtains.For the current year ended 30 June 2004 expenditure on the project is as follows:  The window is expected to earn revenues of $70,000 per year for the 10 years commencing 1 July 2004.Assuming straight-line amortisation,how much of the research and development cost should be expensed this period and what amount should be amortised in the year ended 30 June 2007?

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The Answer of Glass 4 Windows is involved in a research and development project to create a filtering window that removes the need for curtains.For the current year ended 30 June 2004 expenditure on the project is as follows:  The window is expected to earn revenues of $70,000 per year for the 10 years commencing 1 July 2004.Assuming straight-line amortisation,how much of the research and development cost should be expensed this period and what amount should be amortised in the year ended 30 June 2007?

Glass 4 Windows Is Involved in a Research and Development