Wojtowicz 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 2013: researcher's salary $5000; research consumables $3000; re-development of the detecting equipment $4000; final adjustments to the detecting equipment $2500. The amount to be capitalised by this company as an intangible asset, for the 2013 financial year, is:
A) $6500.
B) $8000.
C) $11 500.
D) $14 500.

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The Answer of Wojtowicz 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 2013: researcher's salary $5000; research consumables $3000; re-development of the detecting equipment $4000; final adjustments to the detecting equipment $2500. The amount to be capitalised by this company as an intangible asset, for the 2013 financial year, is:
A) $6500.
B) $8000.
C) $11 500.
D) $14 500.

Wojtowicz Limited Was Involved in a Mining Exploration Business