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Jameson Limited was involved in a mining exploration business. It commenced a project to design...

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Accounting

Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2024: researcher's salary $60000; research consumables $20000; re-development of the detecting equipment $50000; final adjustments to the detecting equipment $17500. The amount to be capitalised by this company as an intangible asset, for the 2024 financial year, is: a. $147500 b. $130000 c. $80000 d. $67500 e. $17500

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