Mardaloop Inc

Multiple Choice

Mardaloop Inc.is developing a new process which it plans to sell.During 2016, 2017, the company had capitalized $1.5 million and $0.3 million respectively.An additional $0.4 million was spent in 2018.During 2018 it became apparent that, due to a lack of financial resources, the company would not be able to complete the project.
The total amount of capitalized costs relating to this project at the end of 2018 is

A) nil.
B) $1.8 million.
C) $2.2 million.
D) $1.5 million.