Explain the answers please
U * * * A.A Emphasis 1 Heading 1 T Heading 2 1 Heading 3 1 Heading 4 Font Paragraph 20 Styles E *106. Shangra La Company incurred $1,500,000 ($400,000 in 2009 and $1,100,000 in 2010) to develop a computer software product. $500,000 of this amount was expended before technological feasibility was established in early 2010. The product will eam future revenues of $4,000,000 over its 5-year life, as follows: 2010 $1,000,000, 2011 $1,000,000, 2012 - $800,000, 2013 - $800,000, and 2014 - $400,000. What portion of the $1,500,000 computer software costs should be expensed in 2010? a $250,000 b. $300,000 . $350,000 d. $1,100,000 *107 Logan Company incurred $3,000,000 ($800,000 in 2009 and $2,200,000 in 2010) to develop a computer software product $1,000,000 of this amount was expended before technological feasibility was established in early 2010. The product will earn future revenues of $8,000,000 over its 5-year life, as follows: 2010 - $2,000,000, 2011 $2,000,000; 2012 - $1,600,000, 2013 - $1,600,000 and 2014 - $800,000. What portion of the $3,000,000 computer software costs should be expensed in 2010? a $500,000 b. $600,000 c. $700.000 d. $2,200,000 *108. Geller Inc. incurred $500,000 of capitalizable costs to develop computer software during 2011 The software will earn total revenues over its 4-year life as follows 2011 $400,000 2012 - $500,000: 2013- S600,000, and 2014 - $500,000. What amount of the computer software costs should be expensed in 2011? a $500,000 Engush (United States *107 Logan Company incurred $3,000,000 ($800,000 in 2009 and $2,200,000 in 2010) to develop a computer software product $1,000,000 of this amount was expended before technological feasibility was established in early 2010. The product will eam future revenues of $8,000,000 over its 5-year life, as follows2010 $2,000,000, 2011 $2,000,000; 2012 - $1,600,000, 2013 - $1,600,000, and 2014 - $800,000. What portion of the $3,000,000 computer software costs should be expensed in 2010? a $500,000 b. $600,000 $700,000 d $2,200,000 *108. Geller Inc. incurred $500,000 of capitalizable costs to develop computer software during 2011. The software will earn total revenues over its 4-year life as follows: 2011 $400,000: 2012 - $500,000, 2013 - $600,000 and 2014 - $500,000. What amount of the computer software costs should be expensed in 2011? a $500,000 b $100,000 c. $125,000 d. $175,000 111. Huaped Lopez Corp. incurred $420,000 of research and development costs to develop a product for which a patent was granted on January 2, 2006. Legal fees and other costs associated with registration of the patent totaled $80,000. On March 31, 2011, Lopez paid $150,000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2011 should be a. $230,000 b. $500,000 C. $570,000. d. $650,000
