Amortizing Software Development Costs During the year, the E-Software Company capitalized computer software costs in the...

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Amortizing Software Development Costs During the year, the E-Software Company capitalized computer software costs in the amount of $3,600,000. Also during the year, which is the first year the product is released to sell, the company's sales total $1,800,000. Estimated future sales for the remaining three-year life of the product are $12,600,000. Record the amount of amortization of capitalized computer development software costs for the year. Date Account Name Dec. 31 Amortization Expense Software Intangible Asset Dr. Cr. = x 1,200,000 * 1,200,000 x Amortizing Software Development Costs During the year, the E-Software Company capitalized computer software costs in the amount of $3,600,000. Also during the year, which is the first year the product is released to sell, the company's sales total $1,800,000. Estimated future sales for the remaining three-year life of the product are $12,600,000. Record the amount of amortization of capitalized computer development software costs for the year. Date Account Name Dec. 31 Amortization Expense Software Intangible Asset Dr. Cr. = x 1,200,000 * 1,200,000 x