An entity, a provider of consulting services, wins a competitive bid to provide consulting services to a new customer. The entity incurred the following costs to obtain the contract:1) External legal fees for due diligence CU15,000;2) Travel costs to deliver proposal CU25,000;3) Commissions to sales employees CU10,000.The entity should recognize _____ as contract costs for the incremental costs of obtaining the contract.

A. CU50,000
B. CU10,000
CU25,000
D. CU40,000