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Geller Inc. incurred $700,000 of capitalizable costs to develop computer software during 2012. The software will earn total revenues over its 4-year life as follows:
Geller Inc. incurred $700,000 of capitalizable costs to develop computer software during 2012. The software will earn total revenues over its 4-year life as follows: 2012 - $400,000; 2013 - $500,000; 2014 - $600,000; and 2015 - $500,000. What amount of the computer software costs should be expensed in 2012?
Question 19 options:
$700,000 | |
$140,000 | |
$175,000 | |
$245,000 |
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