Lewis Limited was involved in a mining exploration business.It commenced a project to design more efficient gold-detecting equipment.The following expenditures occurred during the financial year ended 2014: researcher's salary $5000,research consumables $3000,re-development of the detecting equipment $4000 and final adjustments to the detecting equipment $2500.The amount to be capitalised by this company as an intangible asset,for the 2014 financial year,is:
A)$6500.
B)$8000.
C)$11 500.
D)$14 500.

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The Answer of Lewis Limited was involved in a mining exploration business.It commenced a project to design more efficient gold-detecting equipment.The following expenditures occurred during the financial year ended 2014: researcher's salary $5000,research consumables $3000,re-development of the detecting equipment $4000 and final adjustments to the detecting equipment $2500.The amount to be capitalised by this company as an intangible asset,for the 2014 financial year,is:
A)$6500.
B)$8000.
C)$11 500.
D)$14 500.

Lewis Limited Was Involved in a Mining Exploration Business