Question: In 2017 McGoy Ltd decided to develop a surfboard out of a new type of material that was resistant to damage. The material to be

In 2017 McGoy Ltd decided to develop a surfboard out of a new type of material that was resistant to damage.

The material to be used was more like plastic than the fibreglass that was traditionally used on surfboards. In 2017 McGoy Ltd spent $510 000 on research aimed at understanding the properties of different types of plastics. This knowledge provided what the company considered to be a significant breakthrough, which if utilised should lead to significant future economic benefits.

In 2018 McGoy Ltd developed a prototype of its surfboard. It asked several leading surfers to ride its surfboard at the annual Rip and Curl Pro Event at Bells Beach. Costs involved in developing the prototype in 2018 were

$780

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