Question: Amortizing Software Development Costs During the year, the E-Software Company capitalized computer software costs in the amount of $1,200,000. Also during the year, which is

Amortizing Software Development Costs During the year, the E-Software Company capitalized computer software costs in the amount of $1,200,000. Also during the year, which is the first year the product is released to sell, the company's sales total $600,000. Estimated future sales for the remaining three-year life of the product are $4,200,000. Record the amount of amortization of capitalized computer development software costs for the year.

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