Question: A company began a new software development project in 2 0 2 3 . The project reached technological feasiblity on June 3 0 , 2

A company began a new software development project in 2023. The project reached technological feasiblity on June 30,2024, and was avalable for
release to customers at the beginning of 2025. Development costs incurred prior to June 30,2024, were $3,440,000 and costs incurred from June 30,
2024, to the product release date were $1,640,000. The economic life of the software is estimated at four years. For what amount witl softvare be
capitalized in 2024?
A company began a new software development project in 2023. The

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