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BBI's Genetic Network Module has been one of the company's top 20 modules in terms of sales. The company spent approximately $240,000 in early 2018
BBI's Genetic Network Module has been one of the company's top 20 modules in terms of sales. The company spent approximately $240,000 in early 2018 on the development of this module, and has been amortizing it over its estimated useful life of 3 years. In 2019, a competitor, Beta Gamma Corporation (BGC) came up with a stand-alone software which is very similar to BBI's module in terms of functionality. It can perform the data analysis in half the amount of time, although not with as much accuracy. When the BGC product came out, BBGC offered to purchase BBI's Genetic Network Module for $50,000. Since the introduction of the competitor software, BBI's sales of the Genetic Network Module have declined by 90%. At the end of 2019, the net book value of the deferred R
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