Lewis Limited Was Involved in a Mining Exploration Business

question 19

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.

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Definitions:

Dissociative Fugue

Dissociative Fugue is a psychological state in which an individual loses awareness of their identity or history and may undertake unexpected travel or assume a new identity.

Autobiographical Memory

A system consisting of episodes recollected from an individual's life, based on a combination of episodic and semantic memory.

False Pregnancy

A psychosomatic condition in which a person believes they are pregnant and even shows symptoms of pregnancy but isn't actually pregnant.

Homicide

The act of killing one human being by another, which can be classified into various types such as murder or manslaughter depending on the circumstances.