Question: A company entered into a two - year cloud computing arrangement by paying $ 6 2 , 0 0 0 immediately to a vendor and

A company entered into a two-year cloud computing arrangement by paying $62,000 immediately to a vendor and also incurring the following costs:
Pre-implementation planning$ 22,000Integration of software57,000Coding and customization of software92,000Post-implementation operation37,000
What is the amount the company should capitalize at the beginning of the arrangement?
Multiple Choice
$62,000
$246,000
$221,000
$211,000

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