Matt Antonio, Inc. has incurred $6 million in developing a computer software product for sale to third

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Matt Antonio, Inc. has incurred $6 million in developing a computer software product for sale to third parties. Of the $6 million costs incurred, $4 million is capitalized. The product produced from this development work has generated

$2 million in 2004 and is anticipated to generate another

$8 million in future years. The estimated useful life of the project is 4 years. How much of the capitalized costs should be amortized in 2004?

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Intermediate Accounting

ISBN: 9780471448969

11th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jul 18, 2024 10:14 AM

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Matt Antonio, Inc. has incurred $6 million in developing a computer software product for sale to third

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Intermediate Accounting

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