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Rus_ich [418]
2 years ago
6

A company began developing computer software to be sold as a separate product on January 1, year 1. During the planning, coding,

and testing phases, the company incurred $1,300,000 of costs. On June 30, year 1, the product was determined to be technologically feasible. The company began producing product masters of the software and incurred an additional $750,000 of costs from July 1, year 1, through September 30, year 1. After the software was available for release on October 1, year 1, the company incurred an additional $275,000 of costs relating to maintenance and customer support. What amount of software-related costs should be capitalized
Business
1 answer:
svetlana [45]2 years ago
7 0

Answer:

The sofware-relate cost to capitalized will be 1,300,000

Explanation:

<u>The cost than a business can capitalize will stop once the testing phase is complete.</u>

The production cost, are cost of the period. It will not be capitalize through intangible asset software.

<u>Post-implementation.</u> The cost after the implementation of the software will be treated as expenses. The 275,000 maintenance and customer support will not be capitalized. It will be treated as expense

<u></u>

The software amount will be 1,300,000 which is the value of the cost incurred in the testing phases

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A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and
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Explicit costs are business expenses that are easily identifiable and can be accounted for.

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3 years ago
Explain at least one potential implication for the genetic diagnosis of traits such as intelligence and criminality.
tankabanditka [31]
When we're trying to determine a genetic foundation for intelligence and criminality we're allowing for the possibility of genetic determinism being a true thing which we obviously know it's not. For that reason it might be problematic to conclude anything about a genetic diagnosis for either of those considering there are always multiple variables which are at play. 
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3 years ago
When the stock market crashed people _____________?
OLEGan [10]
When the stock market crashed people panicked
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3 years ago
Delta Construction Corporation, a general contractor, hires Eagle Electrical Company, a subcontractor, to wire a new office buil
nignag [31]

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3 0
3 years ago
Sweet Company’s outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000
avanturin [10]

Answer:

Option (D) is correct.

Explanation:

Preferred dividend per year:

= (Outstanding preferred stock × Par value of preferred stock ) × 5% preferred stock

= (1,000 × $100) × 5%

= ($100,000) × 5%

= $5,000

Any balance left over would be paid to common stockholders.

Year 1:

Paid to preferred stockholders = $2,000

Paid to common stockholders = 0

Year 2:

Paid to preferred stockholders = $5,000

Paid to common stockholders = ($6,000 - $5,000)

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Year 3:

Paid to preferred stockholders = $5,000

Paid to common stockholders = ($32,000 - $5,000)

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Therefore,

Total amount of dividends paid to preferred Shareholders:

= Year 1 + Year 2 + Year 3

= $2,000 + $5,000 + $5,000

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Total amount of dividends paid to common Shareholders:

= Year 1 + Year 2 + Year 3

= $0 + $1,000 + $27,000

= $28,000

5 0
3 years ago
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