Parsons Limited Was Involved in a Highly Successful Plastics Manufacturing

Multiple Choice

Parsons Limited was involved in a highly successful plastics manufacturing business.It commenced a project to design a more efficient extrusion system for its plastic pipes.The following outlays occurred: January Research salaries $50 000 February Research materials $30 000 March re-development of the extrusion plant $400 000 April Final adjustments to the extrusion plant $25 000.The amount to be expensed by this company at the end of the financial year,30 June,is:

A) $30 000
B) $50 000
C) $80 000
D) $480 000.