Accounting · Intangible Assets (IAS 38)

Joel incurred the following costs during a project: Staff costs for initial research ($12,000), Staff costs for building a prototype ($18,000), Materials purchased for the prototype ($15,000), Specific overheads incurred during building the prototype ($6,000), and General overheads apportioned to the project ($4,000). Assuming all development criteria in IAS 38 'Intangible Assets' are met, what total value can be capitalized?