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Terra Corp. purchased a new enterprise software system and incurred the following costs: Cost of the system $800,000 Installation of system 5,000 Testing of system
Terra Corp. purchased a new enterprise software system and incurred the following costs:
Cost of the system | $800,000 |
Installation of system | 5,000 |
Testing of system | 6,000 |
Initial training of employees | 9,000 |
What is Terra Corp.'s basis in the software system?
$800,000 | ||
$805,000 | ||
$820,000 | ||
$811,000 |
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