Question: Amortizing Software Development Costs During 2020, the E-Software Company capitalized computer software costs in the amount of $2.400,000. During 2020, the first year the

Amortizing Software Development Costs During 2020, the E-Software Company capitalized computer software

Amortizing Software Development Costs During 2020, the E-Software Company capitalized computer software costs in the amount of $2.400,000. During 2020, the first year the product is released to sell, sales total $1,200,000. Estimated future sales for the remaining three-year life (through 2023) of the product are $8,400,000 Record the amount of amortization of capitalized computer development software costs for 2020 Date Dec 31,2020 Account Name Dr.

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