During 2020, PC Software Inc developed a new personal computer database management software package. Total expenditures on the project were $1,500,000, of which 40% occurred after the technological feasibility of the product had been established. The product was completed and offered for sale on January 1, 2021. During 2021, revenues from sales of the product totaled $2.500,000. The package is expecled to be successfully marketable for five years, and the total revenues over the life of the product are estimated to be $10,000,000 At December 31, 2021, the carrying value of the software intangible asset is $900,000 5750.000 $600,000 5450.000