Question: Bridgeport Ltd. decided that it needed to update its computer programs for its supplier relationships. It purchased an off-the-shelf program and modified it internally to

Bridgeport Ltd. decided that it needed to update its computer programs for its supplier relationships. It purchased an off-the-shelf program and modified it internally to link it to Bridgeport other programs. The following costs may be relevant to the accounting for the new software:

Original cost of old software $11,000

Accumulated amortization of old software 8,800

Purchase price of new software 8,000

Training costs 4,400

General and administrative costs 2,550

Direct cost of in-house programmers time spent on modifying software 1,480

5 entries, 3 Debit 2 Credit.

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