7) During the current accounting period S Ltd considered the recognition of the following costs as intangible assets. a) $50,000 spent on development expenditure on Project X. The directors are confident of the financial, commercial and technical viability of the project b) $30,000 spent on developing a brand internally. c) $6,000 spent on a training course. What is the amount that S Ltd could recognise as intangible assets in its consolidated financial statements in accordance with IAS 38 Intangible Assets? A $50,000 B $56,000 C $86,000 D $30,000