Question: Suppose software development costs incurred after technological feasibility were $138 million, $160 million, and $194 million in fiscal years 2020, 2021, and 2022, respectively. Further

Suppose software development costs incurred after technological feasibility were $138 million, $160 million, and $194 million in fiscal years 2020, 2021, and 2022, respectively. Further suppose the company amortizes software development costs over two years, beginning in the following year. a. What is the journal entry the company would record in 2022 related to software development costs incurred after technological feasibility during 2022?

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