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What portion of the computer software costs should expensed

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Question 1: Shangra-La Company incurred P1,500,000 (P400,000 in 2009 and P1,100,000 in 2010) to develop a computer software product. P500,000 of this amount was expended before technological feasibility was established in early 2010. The product will earn future revenues of P4,000,000 over its 5-year life, as follows: 2010 - P1,000,000; 2011 - P1,000,000; 2012 - P800,000; 2013 - P800,000; and 2014 - P400,000. What portion of the P1,500,000 computer software costs should be expensed in 2010?

Select one:

a. P350,000

b. P300,000

c. P1,100,000

d. P250,000

Reference no: EM132569870

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