WEBDESIGN Ltd. decided that it needed to update its computer programs for its supplier relationships. It purchased
Question:
Net carrying amount of old software ............... $1,100
Purchase price of new software ................. 5,900
Training costs ........................ 4,550
General and administrative costs ................ 3,750
Direct cost of in-house programmer's time spent on conversion ... 1,720
Prepare journal entries to record the software replacement.
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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