Lewis Limited Was Involved in a Mining Exploration Business

Multiple Choice

Lewis Limited was involved in a mining exploration business.It commenced a project to design more efficient gold-detecting equipment.The following expenditures occurred during the financial year ended 2014: researcher's salary $5000,research consumables $3000,re-development of the detecting equipment $4000 and final adjustments to the detecting equipment $2500.The amount to be capitalised by this company as an intangible asset,for the 2014 financial year,is:

A) $6500.
B) $8000.
C) $11 500.
D) $14 500.