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What net amount of the capitalized software cost should be

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Question 1: On January 1, 2021, EN Company had capitalized cost of ?5,000,000 for a new computer software with an economic life of years. Sales for 2021 amounted to ?3,000,000. The total sales of software over its economic life are expected to be ?10,000,000. The pattern of future sales cannot be measured reliably. On December 31, 2021, the software had a net realizable value of ?4,500,000. What net amount of the capitalized software cost should be reported on December 31, 2021 statement of financial position?

Reference no: EM132892451

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