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Jameson Limited was involved in a mining exploration business. It commenced a project to design...

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Accounting

Jameson Limited was involved in a mining exploration business. It commenced a project to design more efficient opal detecting equipment. The following expenditures occurred during the financial year ended 30 June 2024: researcher's salary $72223; research consumables $12519; development of the detecting equipment $54577; final adjustments to the detecting equipment $20917. The amount to be capitalised by this company as an intangible asset, for the 2024 financial year, is:

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