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Windos Ltd is involved in a research and development project to create a filtering window that removes the need for curtains. For the current year
Windos Ltd is involved in a research and development project to create a filtering window that removes the need for curtains. For the current year ended 30 June 2018 expenditure on the project is as follows: Additional Information The window is expected to earn revenues of $70000 per year for the 10 years commencing 1 July 2018. Assuming straight-line amortisation, how muchof the research and development cost should be expensed this period and what amount should be amortised in the year ended 30 June 2021? Expensed in 2018: $235000; amortisation in 2021: $28000 None of the given answers. Expensed in 2018: $235000; amortisation in 2021: $35000 Expensed in 2018: $58 500; amortisation in 2021: $58500
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