Corvane, a chemicals company, is developing a synthesis process. Before the date on which the project first meets the recognition criteria, it incurs 45,000. Afterwards, it incurs 38,000 of materials consumed, 132,000 of employee benefits for assigned staff, 6,000 of patent registration fees, 9,000 of amortisation of a technology licence used by the team, 18,000 of overheads that are not directly attributable and 11,000 of losses on failed trials caused by identified inefficiencies. What is the cost of the intangible asset?
- Expenditure before the criteria date
- 45,000
- Materials consumed
- 38,000
- Employee benefits of assigned staff
- 132,000
- Patent registration fees
- 6,000
- Amortisation of the licence used
- 9,000
- Overheads not directly attributable
- 18,000
- Losses from identified inefficiencies
- 11,000