On January 1 20X2 a company acquires computer software specific to a project for $200,000. Although the project is in its early stages, and is not expected to make profits of positive cash flows for a number of years, the company will start to use the software straight away; it is estimated it has a useful life of 10 Years. The company negotiated to defer the payment to the supplier until January 20X4. The company currently pays interest on its borrowing at 6% per annum. Show how this transaction would be accounted for at 1 January 20X2 and in the financial statements of the company for year ended 31 December 20X2.