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hi all
can i know the correct answer for this question my answer is 6500 but not sure
Question . Enterprise Co is heavily involved in developing a new production process. In the year to 31 March 20X1 the amount of expenditure incurred on development costs could be analysed as follows:
1 April 20X0 to 30 September 20X0 18,400
1 October 20X0 to 31 March 20X1 6,500
24900
On 1 October 20X0 Enterprise Co demonstrated that the production process met the recognition criteria of IAS 38 Intangible Assets. The amount estimated to be recoverable from the process is €21,000.
At what amount should the production process be recognised as an intangible asset at 31 March 20X1 in accordance with IAS 38?
1- 6500
2- 18400
3- 21000
4- 24900
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