Learning examples 4: The following expenditure relates to a research and development project of Smartdesign Ltd: $ 1 March 20X5 - 30 June 20X5 1,278 1 July 20X5 - 12 December 20X5 3,555 13 December 2005 - 30 June 20X6 3,200 The project met the IAS 38 criteria for capitalisation on 13 December 20X5 What amounts should be written off to the income statement in the year ended 30 June 20X6, and shown as an intangible asset in the statement of financial position? statement of profit or loss Statement of financial position A. $4,833 $3,200 B. nil $8,033 C. nil $6,755 $32655WIR: 400-0988-775 ACCA:ms, H $3200om MB ****** Slide 6