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Explain how the following expenditure would be dealt with in the financial statements of Zone...

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Accounting

Explain how the following expenditure would be dealt with in the financial statements of Zone Limited to conform with IAS38:

i.) Expenditure incurred with an organisation investigating on the use of a new type of raw material used in its production.

ii.) Expenditure incurred on developing a new high-speed equipment which has the potential to reduce the time taken in production. Work has been put on hold pending the development of a new gadget suitable for the required speed.

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