The following is a list of costs incurred by Vju Ltd during their 28 February 20.2 financial year: 1. Vju Ltd operates an existing website for its own use. The costs to develop the website were capitalised in the previous year as an intangible asset as it complied with IAS 38.57 at that time. However, Vju Ltd acquired copyrights during the development of the website and these costs are now amortised over the existing economic life of the website. Amortisation costs of the copyrights amounts to R2 500 for the year. This reflects the pattern in which the economic benefits are consumed. 2. During the current year Veju Lad paid R230 000 to Compusult (Pty) Ltd to secure the above-mentioned website. Previously the website was mainly ased to advertise the products of Veju Ltd, but is now being integrated with the accounting function of Vejju Ltd to incorporate the placement, as well as payment, of orders. These costs incurred prolonged the functioning of the website with an additional four years and will substantially improve profitability in fuate. 3. During the securing of the website, one of the design staff members of Compusult (Pty) Ltd worked for a moath on a relatively high-risk approach to speed up the process of securing the website on request of Veju Lad. His efforts proved fruitless and his salary for the period amounted to R30000. This ameant is not included in the R230000 payment mentioned in note 2. 4. Veju Ltd's accounting software pacikage complies with the recognition criteria of an intangible asset. After upgrading the website, it was necessary to modify the existing accounting software package to make it operate at its original assessed performance standard. These costs amounted to R.150 000 . 5. Training costs amounting to R13 000 were paid by VCju Lad to train personnel on the accounting treatment and processing of orders placed on the new secure website. 6. Advertisements were placed in all leading mewspepers amounting to R55 000 , advertising the new secure webpage of Vju Lad. 7. Veju Ltd has an extensive customer list indicating all loyal supporting customers of Veju L.td. The directors are of the opinion that this list is worth at least R100 000 to their opposition, and want to capitalise the list at R150 000 . 8. Veju Ltd had a cocktail and presentation evening to expand the goodwill of Veju Lod within their existing customer base. Expenditure of R25000 was incurred. 9. To entertain future VIP customers of Veju Lud, the company applied for a fishing quota with the Natal Parks Board. The company incurred the following costs during the year in aa attempt to obtain the quota: On 28 February 20.2 it was still not certain whether their application for the fishing quota had been suecessful. Required Indicate in each of the above cases whether or not the relevant coses can be capitalised. Motivate your answer in accordance with the requitements of International Financial Reporting Standards (IFRS). Assume all amounts to be materiat