During the year ending 31 December 20X1, Entity A invested £60,000 in research

activities and £30,000 in development activities. The development costs meet the

IAS 38 criteria for recognition as an intangible asset and Entity A amortises them

on a straight-line basis over 10 years, with zero residual value. 

What is the amount of amortisation charge in Entity A’s income statement

for the year ending 31 December 20X1?