Star Ltd’s year end is 30 September 2019. Star commenced the development stage of a project to produce a new pharmaceutical drug on 1 January 2019. Expenditure of Rs.40,000 per

Star Ltd’s year end is 30 September 2019. Star commenced the development stage of a project to produce a new pharmaceutical drug on 1 January 2019. Expenditure of Rs.40,000 per month was incurred until the project was completed on 30 June 2019 when the drug went into immediate production. The directors became confident of the project’s success on 1 March 2019. The drug has an estimated life span of 5 years. amount will Star charge to profit or loss for development costs, including any amortization, for the year ended 30 September 2019? Select one: a. Rs. 98,667 b. Rs. 48,000 c. Rs. 88,000 d. Rs. 12,000

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