Question: Papa-P Company directed its IT team to develop its own website wherein customers can place orders and will facilitate swift response to customer's inquiries as

Papa-P Company directed its IT team to develop its own website wherein customers can place orders and will facilitate swift response to customer's inquiries as well. The development took four months to complete up to May 30, 2021. Papa-P incurred the following costs from Day 1 up to May 30, 2021: Market research, P15,000; Computer equipment, P35,000; Cost of domain name, P15,000; Applications used on the web server, P50, 000; Stress testing, P5, 000; Website layout design, P40, 000; Security applications installed, P25,000; Seminars and training for website maintenance of IT staff, P20,000; Uploading of website contents, P30, 090

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