Question: A company bgan a new software development project in 2023. The project reached technological fensibility on hune 30, 2024, and was avaliable for release to

A company bgan a new software development project in 2023. The

A company bgan a new software development project in 2023. The project reached technological fensibility on hune 30, 2024, and was avaliable for release to customers at the beginning of 2025. Development costs incurred prior to June 30. 2024, were $3.220.000 and costs incurred from lune 30 2024 , to the product release date were $1.420,000. The economic life of the software is estimated at four years. fot what amount will software be capitalized in 2024? Multaple Choice 50 $3200000 51420000 55. 640000

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