this developed TV antenna amplifier with the Companies and Intellectual Property Commission (CIPC) of South Africa, for a period of 20 years. The patent was ready for use as intended by management, as well as brought into use on 1 August 2022. antenna amplifier: Note 1: Costs incurred in investigating the prospect of developing the TV antenna amplifier. These costs include costs incurred when performing research-related tasks. Note 2: Costs incurred in the application of the research findings to develop the TV antenna amplifier: These costs meet the requirements for recognition as per IAS38, Intangible assets. Note 3: A broadcasting expert was contacted by Todo on 1 August 2022, to estimate the value of the TV antenna amplifier patent and the end of the 20 -year patented term. There is currently no open market for this type of patent nor is there a buyer committed to purchasing the patent in 20 years' time. The previous accountant of Todo accounted for the cost incurred during the research and development project of the TV antenna ampifier within the 2022 financial year, as follows: Subsequently within the 2023 financial year, the previous accountant accounted for the costs incurred in relation to the entire research and development project of the TV antenna amplifier, as follows: QUESTION 1 (continued) FAC3764 Assessment 10 REQUIRED: this developed TV antenna amplifier with the Companies and Intellectual Property Commission (CIPC) of South Africa, for a period of 20 years. The patent was ready for use as intended by management, as well as brought into use on 1 August 2022. antenna amplifier: Note 1: Costs incurred in investigating the prospect of developing the TV antenna amplifier. These costs include costs incurred when performing research-related tasks. Note 2: Costs incurred in the application of the research findings to develop the TV antenna amplifier: These costs meet the requirements for recognition as per IAS38, Intangible assets. Note 3: A broadcasting expert was contacted by Todo on 1 August 2022, to estimate the value of the TV antenna amplifier patent and the end of the 20 -year patented term. There is currently no open market for this type of patent nor is there a buyer committed to purchasing the patent in 20 years' time. The previous accountant of Todo accounted for the cost incurred during the research and development project of the TV antenna ampifier within the 2022 financial year, as follows: Subsequently within the 2023 financial year, the previous accountant accounted for the costs incurred in relation to the entire research and development project of the TV antenna amplifier, as follows: QUESTION 1 (continued) FAC3764 Assessment 10 REQUIRED