Wojtowicz Limited Was Involved in a Mining Exploration Business

question 10

Multiple Choice

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: researcher's salary $5000; research consumables $3000; re-development of the detecting equipment $4000; 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:

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

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Definitions:

Weiner's Theory

Bernie Weiner's theory centers on the attribution process, explaining how individuals attribute causes to successes and failures.

Achievement-related Event

An occurrence that significantly impacts an individual’s sense of accomplishment, often related to personal or professional goals.

Interpretation

Interpretation involves the process of explaining, understanding, or making sense of something, such as a text, an event, or a behavior, based on personal perspectives or theoretical frameworks.

Attribution Theory

A theory focused on how individuals interpret and assign causes to others' behavior and their own.