Jameson Limited was involved in a mining exploration business. It commenced a project to design more...
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Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2024: researcher's salary $62453; research consumables $38069; development of the detecting equipment $45365; final adjustments to the detecting equipment $16384. The amount to be capitalised by this company as an intangible asset, for the 2024 financial year, is: Answer: Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2024: researcher's salary $62453; research consumables $38069; development of the detecting equipment $45365; final adjustments to the detecting equipment $16384. The amount to be capitalised by this company as an intangible asset, for the 2024 financial year, is: Answer:
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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