Dusack Company incurred the following costs in 2020 to design and produce a new software product:

Coding & testing costs incurred to establish a point of technological feasibility $ 70,000

Completion of detailed program design$15,000

Coding & Testing costs incurred by beyond the point of technological feasibility $45,000

Costs to produce master copies of software$18,000

Copies of produce master copies of software$25,000

Product packaging$12,000

What amount should be capitalized on Dusack's 12/31/14 balance sheet as software costs subject to amortization?

Answer rating: 100% (QA)

Amortization is an accounting technique that is used to periodically lower the book ... View the full answer