Hi-Tech Corp. spent $300,000 on research and development to generate new product lines. Only one of the five product lines resulted in a patented item; the remaining four were considered unsuccessful. The cost of the product that was successfully patented included $30,000 in research costs and $40,000 in development costs. Under lFRS. how much of the $300.000 should be recognized as an expense?

a. $300,000

b. $270.000 

c. $260.000 

d. $230.000