Impact Systems Inc. has recently designed and developed its own payroll system intended for internal use. If there is a market, the company may also decide to sell it to outside companies. Work on this project was completed over an 18-month period. The following costs were incurred in development of the software:

Conceptual design work	$	8,000
Evaluation and decision on alternative options		10,200
Evaluation and consideration software requirements for options		23,000
Final selection of option		5,800
Software design work		108,000
Software coding		60,800
Testing of software		28,400
Data conversion costs information from old system		19,800
Staff training on new software		5,000
Allocation of general and administrative costs		20,000
Ongoing software maintenance		10,600

Required: 1. Indicate how much would be accounted for as an intangible asset for software.