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Public sector entity A has incurred the following expenditure prior to commercial production of a new fire resistant door for use in public buildings. Marketing

Public sector entity A has incurred the following expenditure prior to commercial production of a new fire resistant door for use in public buildings.

Marketing campaign

€30,000

Royalty payment to inventor

€15,000

Training staff in door production

€10,500

What cost can public sector entity A include as an intangible development asset in accordance with IPSAS 31 'Intangible Assets'?

Nil

€15,000

€25,500

€55,500

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