[单选题]
Which one of the following could be classified as deferred development expenditure in M’s statement of financial position as at 31 March 20X1 according to IAS 38 Intangible Assets?
A .USD120,000 spent on developing a prototype and testing a new type of propulsion system for trains. The project needs further work on it as the propulsion system is currently not viable
B .A payment of USD50,000 to a local university’s engineering faculty to research new environmentally friendly building techniques
C .USD35,000 spent on consumer testing a new type of electric bicycle. The project is near completion and the product will probably be launched in the next twelve months. M is not yet certain that there is going to be a viable market for the finished pr
D .USD65,000 spent on developing a special type of new packaging for a new energy efficient light bulb. The packaging is expected to be used by M for many years and is expected to reduce M’s distribution costs by USD35,000 a year
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