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P Co. incurred the following costs in developing software : Development costs prior to reaching technological feasibility P800,000 Development cost after reaching technological feasibility 480,000

P Co. incurred the following costs in developing software :
Development costs prior to reaching technological feasibility P800,000 Development cost after reaching technological feasibility 480,000 Cost of duplicating saleable product to be sold over the life of the software 9,600,000 Estimated revenues over three-year total product life 24,000,000 Revenue in the first year of product life 8,000,000 How much is the total software related expense for the year

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