Bad Lemons Corp., a publicly accountable entity, incurred the following costs in its research and...
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Accounting
Bad Lemons Corp., a publicly accountable entity, incurred the following costs in its research and development division:
| Jan. 1April 30, 2026 | May 1-Dec. 31, 2026 | |
| Materials | $10,000 | $12,000 |
| Labour costs | 15,000 | 32,000 |
| Directly attributable overhead | 8,000 | 15,000 |
| Indirect overhead | 5,000 | 7,000 |
At April 30, 2026, Bad Lemons determined that the project was technically feasible and commercially viable. The Company had sufficient resources and intentions to complete the project and was confident that there was demand in the marketplace for the product. How much, if any, of the costs can be capitalized for fiscal 2026?
Group of answer choices
1)59,000
2)66,000
3)0
4)92,000
5)answer not provided
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