Solution-For what amount will software be capitalized

For what amount will software be capitalized

Reference no: EM133179171

Question - Braxton Technologies, Inc. began a new development project in 2021. The project reached technological feasibility on August 31, 2021, and was available for release to customers at the beginning of 2022. Development costs incurred prior to August 31, 2021, were $3,420,000 and costs incurred from August 31 to the product release date were $1,620,000. The economic life of the software is estimated at four years. For what amount will software be capitalized in 2021?

Reference no: EM133179171

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For what amount will software be capitalized

Reference no: EM133179171

Reference no: EM133179171

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