25. The following costs are incurred during the research and development phases of a laser bone scanner Laboratory research aimed at discovery of new knowledge Search for application of new research findings Salaries of research staff designing new laser bone scanner Material, labor and overhead costs of prototype laser scanner Costs of testing prototype and design modifications Engineering costs incurred to advance the laser scanner to full production stage (technological feasibility reached) $800,000 400,000 1,200,000 850,000 450,000 700,000 Identify which of these are development phase items and will be immediately expensed under GAAP and IFRS. GAAP IFRS a. $1,200,000 $1,200,000 b. $2,400,000 $1,400,000 c. $2,400,000 $2,500,000 d. $3,200,000 $2,500,000