Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2024: researcher's salary $60 000; research consumables $20 000; re-development of the detecting equipment $50 000; final adjustments to the detecting equipment $17 500. The amount to be capitalised by this company as an intangible asset, for the 2024 financial year, is:

a.

$147 500

b.

$130 000

c.

$80 000

d.

$67 500

e.

$17 500