Solar Plc is developing a new model of the electronic device. The research and development were initiated on 1 Oct 2020. Before deciding whether or not to continue and finalise the development, marketing analysts were hired to evaluate the market demand for the new model. The marketing analysis was completed in June 2021. Solar Plc made the decision to complete the development and launch the new electronic device. 7 CONTINUED OVERLEAF Here are the related expenditures during the year ending 30 September 2021: Professional fees for evaluating alternative ways 35,000 of synthesis of superconducting material The designing of new circuit boards using new The total amount was 274,000; material 36,000 was incurred before June 2021 and 238,000 was incurred after June 2021 Fees for assessing the market demand for the 8,000 new model Testing the new model in August 2021 29,000 Advertising expenditure 46,000 Required: Explain what development expenditure can be capitalised. You should explain your reasons and also refer to relevant IFRS standards. (5%)