Question: On January 1,2024, Python Company began development of new software. The project reached technological feasibility on September 1, additional development costs for coding and testing

On January 1,2024, Python Company began development of new software. The project reached technological feasibility on September 1, additional development costs for coding and testing were incurred through December 1 , advertisement and distribution costs were incurred through December 31 , and then the product was released for sale to customers early the following year. Below are the costs incurred at each stage

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