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Capitalized cost of computer software

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On December 31, 2009, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for 2010 were 10% of expected total sales of the software. At December 31, 2010, the software had a net realizable value of $480,000. In its December 31, 2010 balance sheet, what amount should Byte report as net capitalized cost of computer software?

Reference no: EM131803251

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