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Recruitment Ltd has spent 1,500,000 during 20X4 on developing a software package to be used internally on recruiting computer staff for its growing international operations.

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Recruitment Ltd has spent 1,500,000 during 20X4 on developing a software package to be used internally on recruiting computer staff for its growing international operations. It had spent 350,000 at the pre-development stage and a further 90,000 on staff training in the use of the software. The software had been completed by 31 December 20X4. The company policy is to write off over a five-year period commencing in the year software is completed. What amount will the company write off as an expense in its 20X4 accounts? Total expense = (Type an integer.)

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