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Serendipity Ltd is working on two independent research and development projects.Project A has recently been fruitful and the resulting product has been marketed,unfortunately with limited success.Development of the product is continuing in an effort to improve its marketability.Project B is due for product release in one year's time.The initial marketing surveys and forward contracts suggest that the outcome for this product is very favourable.The following information relates to the expenditures for the current period and budgeted figures for the next 3 years.All research costs in prior periods were expensed.The budgeted figures are considered accurate beyond a reasonable doubt. What is the research and development deferral for each project in 2013?
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A standardized test is a form of assessment that is administered and scored in a consistent, or "standard", manner across all test takers to measure their abilities or knowledge in a specific area.
WAIS
The Wechsler Adult Intelligence Scale, a widely used test designed to measure a person's cognitive ability or intelligence.
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Stanford-Binet
The widely used American revision (by Terman at Stanford University) of Binet’s original intelligence test.
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