Resilient Ltd has incurred development costs as follows during the year ended 3 1 December 2 0
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Question:
Resilient Ltd has incurred development costs as follows during the year ended December X:
months ended March $
months ended June $
months ended September $
months ended November $
The development project met the IAS recognition criteria on July X and commercial sales of the output commenced December X Resilient expects the development project to result in sales for years.
What amount is recognised in profit or loss in respect of the project in the year ended December XResilient Ltd has incurred development costs as follows during the year ended December X:
months ended March $
months ended June $
months ended September $
months ended November $
The development project met the IAS recognition criteria on July X and commercial sales of the output commenced December X Resilient expects the development project to result in sales for years.
What amount is recognised in profit or loss in respect of the project in the year ended December X
Related Book For
McGraw-Hill Education SAT 2017
ISBN: 9781259641657
1st Edition
Authors: Christopher Black, Mark Anestis
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