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Bankstown Ltd commenced a project to design a more efficient extrusion system for its plastic...

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Accounting

Bankstown Ltd commenced a project to design a more efficient extrusion system for its plastic pipes. The following outlays occurred: September: researcher salaries $35586; October: research materials $33117; November: re-development of the extrusion plant $242885; December: final adjustments to the extrusion plant $35120. The amount to be expensed by Bankstown Limited at the end of the financial year, 31 December, is:

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