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Wojtowicz Limited Was Involved in a Mining Exploration Business \bullet Researcher's Salary £5000

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Wojtowicz 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 2013:
\bullet Researcher's salary £5000
\bullet Research consumables £3000
\bullet Re-development of the detecting equipment £4000
\bullet Final adjustments to the detecting equipment £2500.
The amount to be capitalised by this company as an intangible asset, for the 2013 financial year, is:


Definitions:

Perception Of Ability

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Stressful Event

A situation or occurrence that triggers a psychological or physical reaction.

General Adaptation Syndrome

A theoretical model describing the body's response to stress in three stages: alarm, resistance, and exhaustion.

Alarm Stage

The initial phase of the stress response, where the body reacts to a stressor with a fight-or-flight response, activating various physiological changes.

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