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accounting software. $200,000 of research and development costs (incurred after the point of technological feasibility) through September 30 , 2020, were related to Q-Rey's new
accounting software. $200,000 of research and development costs (incurred after the point of technological feasibility) through September 30 , 2020, were related to Q-Rey's new software product 'Balanced'. Q-Rey management estimated that the product would have a service life of 5 years and would generate revenues of $3 million. The product was released and available for sale on October 1 , 2020. Sales of Balanced from October 1 to December 31 totaled \$500,000. What was the amortization expense for Balanced in 2020 from October 1st to December 31 under the straight-line method and the amortization expense under the revenue method, respectively? $8,750;$29,167 $10,000;$33,333 $9,523;$8,333 $40,000;$33,333
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