Business, 04.05.2021 01:20 ErrorNameTaken505

On January 1, Year 1, a company capitalized $100,000 of costs for software that is to be sold. The company amortizes the software costs on a straight-line basis over 5 years. The carrying value of the software costs on January 1, Year 3, was $60,000. As of December 31, Year 3, the estimated future gross revenue to be generated from the sale of the software is $23,000, and the estimated future cost of disposing of the software is $8,000. What amount should the company expense related to the software costs for the year ended December 31, Year 3?

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On January 1, Year 1, a company capitalized $100,000 of costs for software that is to be sold. The c...

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