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:

Racism

Discrimination or prejudice against individuals based on their race or ethnicity, often manifesting in societal norms, institutional policies, or personal attitudes.

Microaggressions

Everyday verbal, nonverbal, and environmental slights or insults, whether intentional or unintentional, that communicate hostile, derogatory, or negative messages to target persons based solely upon their marginalized group membership.

Minority Group

A group of people who, because of their physical or cultural characteristics, find themselves in situations of inequality within a society.

Racism

Connotes discrimination or prejudice against individuals based on their race or ethnicity, often stemming from beliefs in the superiority of one race over others.