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what amount of amortization for computer software should IT company record for the year 2024? PROBLEM 6 On January 1, 2023, IT Company had capitalized

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what amount of amortization for computer software should IT company record for the year 2024?

PROBLEM 6 On January 1, 2023, IT Company had capitalized cost of P9,000,000 for a new computer software product with an estimated useful life of 4 years. Sales of the product were P3,600,000 in 2023 and P6,300,000 in 2024 . The total sales of the software over the economic life are expected to be P18,000,000

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