Ally Ltd acquired two copyrights during 2019. One copyright related to a textbook that was developed internally at a cost of $10 500. This book is estimated to have a useful life of 5 years from 1 September 2019, the date it was published. The second copyright was purchased from the Queen University Press on 1 December 2019 for $12 000. This book, which analyses Aboriginal history in Western Australia prior to 2000, is considered to have an indefinite useful life. Required Discuss how these two copyrights should be reported in the statement of financial position of Ally Ltd on 30 June 2020