Public sector entity A has incurred the following expenditure prior to commercial production of a new fire resistant door for use in public buildings.

Marketing campaign	€30,000
Royalty payment to inventor	€15,000
Training staff in door production	€10,500

What cost can public sector entity A include as an intangible development asset in accordance with IPSAS 31 'Intangible Assets'?

Nil

€15,000

€25,500

€55,500

Answer rating: 100% (QA)

The correct answer is 15000 As per IPSAS 31 Intangible a... View the full answer