1. which one of the following items could properly be included in non-current tangible
assets in the statement of financial position of a manufacturing business?
a $55,000 representing the use of the business's own labour and material costs
incurred in constructing an extension to the warehouse
b $45,000 representing the salary and occupancy costs of a manager whose main
function is to prepare, control and implement capital expenditure budgets
c $25,000 spent in tracing and rectifying a serious fault in operating a production line
to restore it to normal efficiency
d $35,000 incurred in an extensive market survey, the recommendations of which
may be implemented next year