Barra Limited was involved in a mining exploration business. It commenced a project to design more efficient gold detecting equipment. The following expenditures occurred during the financial year ended 2018: researcher's salary $6000; research consumables $1000; re-development of the detecting equipment $5000; final adjustments to the detecting equipment $3000. The amount to be capitalised by this company as an intangible asset, for the 2018 financial year, is:

Select one:

a.

$8000

b.

$7000

c.

$14 000

d.

$15 000