Question 2 3 pts Auckland Co had 3,000,000 of capitalised development expenditure at cost brought forward at 1st October 2020 in respect of products currently in production and a new project began on the same date. The research stage of the new project lasted until 31st December 2020 and incurred 500,000 of costs. From that date the project incurred development costs of 200,000 per month. On 1st June 2021 the directors of Auckland Co become confident that the project would be successful and yield a profit well in excess of costs. The project will still be in development at 30th September 2021. Capitalised development expenditure is amortised at 10% per annum using the diminishing balance method. What amount will be charged to profit or loss for the year ended 30th September 2021 in respect of research and development costs? 1,800,000 1,900,000 1,500,000 1,300,000