During the year ended $30$ June $2022,$ Crockpot Ltd incurred the following expenditure in respect of a research and development project:

Research

$$150000$

Development

$$330000$

The project is expected to return profits of $$280000$ over the next four years that is $$70000$ per year starting from $1$ July $2022.$ Crackpot uses a discount rate of $10\%.$

Required:

$($a$)$ How much research and development should be expensed in the year ended $30$ June $2022?$ Journal entries?

$($b$)$ How much research and development should be amortised in the year ended $30$ June $2023?$ Journal entries?