1) The Markab Company has acquired a trademark relating to the introduction of a new manufacturing process. The costs incurred were as follows: Cost of trademark PHP 3,500,000 Expenditure on promoting the new product PHP 50,000 Employee benefits relating to the testing of the proper functioning of the new process PHP 200,000 According to IAS38 Intangible assets, what is the total cost that should be capitalized as an intangible non-current asset in respect of the new process? A PHP3,750,000 B PHP3,700,000 C PHP3,500,000 D PHP3,550,000