question archive popularity, the company decided to launch a new game to maintain its competitive advantage over the competitors

popularity, the company decided to launch a new game to maintain its competitive advantage over the competitors

Subject:AccountingPrice: Bought3

popularity, the company decided to launch a new game to maintain its competitive advantage over the competitors. On 30 September 2021, High -Tech Co paid RM83,800 in developing new product and the costs identified as follows:

Cost of materials used                                         RM 80,000

Fee to register a trade design                             RM 2,000

Amortisation of patent used                                RM 500

Selling and administrative overheads allocated RM 300

Training costs to sales staff                                 RM 1,000

Critically interpret the accounting treatment for the expenditure incurred in relates to the accounting standard of IAS 38/MFRS 138 for the year ended of 2021.

pur-new-sol

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