1. XYZ Limited incurred the following expenses on an internally developed production process, which will improve the quality of goods produced.

	KES (000)
Identification of alternative processes	100
Selection of best alternative	10
Technical feasibility	50
Raw material for pilot plant	10
Own labor cost of development	60
Trial run cost of pilot plant	20
Designing cost of process	30
Advertisement regarding improved process	100
Manufacturing of dies and tools	10
	390

Required:

Calculate the cost of development to be recognized assuming the criteria for internally developed intangible asset under IAS 38 is satisfied? (10mks)