Earthworm Jim Corporation has capitalized software costs of $700,000, and sales of this product the first year
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Earthworm Jim Corporation has capitalized software costs of $700,000, and sales of this product the first year totaled $420,000. Earthworm Jim anticipates earning $980,000 in additional future revenues from this product, which is estimated to have an economic life of 4 years. Compute the amount of software cost amortization for the first year.
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Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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