Last year, Nephalis separately acquired an in-process research and development project on a sensor, recognised in the balance sheet as development in progress. This year, it pays 40,000 in cash for work exploring new scientific avenues, then 90,000 for development work incurred after all the development-phase criteria were demonstrated. Record the entry for the year.
- Work exploring new avenues (research)
- 40,000
- Development work meeting the criteria
- 90,000