Glass 4 Windows Is Involved in a Research and Development

question 23

Multiple Choice

Glass 4 Windows is involved in a research and development project to create a filtering window that removes the need for curtains.For the current year ended 30 June 2004 expenditure on the project is as follows: The window is expected to earn revenues of $70,000 per year for the 10 years commencing 1 July 2004.Assuming straight-line amortisation,how much of the research and development cost should be expensed this period and what amount should be amortised in the year ended 30 June 2007?

• A) Expensed in 2004: $58,500 Amortisation in 2007: $58,500
• B) Expensed in 2004: $235,000 Amortisation in 2007: $35,000
• C) Expensed in 2004: $235,000 Amortisation in 2007: $28,000
• D) Expensed in 2004: $350,000 Amortisation in 2007: $23,500
• E) None of the given answers.

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Definitions:

Effect Sizes

Statistical measures that quantify the magnitude of a difference or relationship between variables, often used to understand the practical significance of research findings.

Correlations

Statistical measures that describe the extent to which two or more variables fluctuate together, indicating a possible relationship.

Averaged Behaviors

The collective pattern or norm of behaviors exhibited by a group of individuals, deduced by aggregating individual behaviors.

Personality Traits

Enduring characteristics and behaviors that define an individual's patterns of thought, feeling, and acting.