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Find how much must be capitalized as software cost subject

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Question 1: During 2020, Power Company incurred costs to develop and produce a routine, low-risk computer software product as follows: Packaging product (500 units) - $90,000; Duplication of computer software and training materials from product masters (1,000 units) - $250,000; Completion of detailed program design - $130,000; Cost of producing product masters for training materials - $150,000; Other testing costs after establishment of technological feasibility - $200,000; Costs incurred for coding and testing to establish technological feasibility - $100,000; Other coding costs after establishment of technological feasibility - $240,000. How much must be capitalized as software cost subject to amortization in Power Company's December 31, 2020 statement of financial position?

Reference no: EM132895734

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