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What amount should be capitalized

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Question - A collection agency spent $50,000 in staff payroll costs investigating the feasibility of developing its own software program for tracking customer contacts. After committing to funding the project software developers were paid $200,000 to write the code and the company incurred $70000 in general and administrative costs related to training and software maintenance. What amount should be capitalized?

Reference no: EM133146002

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