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provide vunting treatment? (5mks) c. XYZ Limited incurred the following expenses on an internally developed production process, which will improve the quality of goods produced.
provide vunting treatment? (5mks) c. XYZ Limited incurred the following expenses on an internally developed production process, which will improve the quality of goods produced. KES (000) dentification of alternative processes 100 election of best alternative 10 echnical feasibility 50 aw material for pilot plant Own labor cost of development 10 60 rial run cost of pilot plant 20 30 esigning cost of process dvertisement regarding improved process 100 lanufacturing of dies and tools 10 390 quired: lculate the cost of development to be recognized assuming the criteria for internally developed intangible asset under IAS 38 is satisfied? (10mks)
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