Early in year 1, the Carlbury Company began developing a new software package to be...
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Early in year the Carlbury Company began developing a new software package to be marketed. The project was completed in December, year at a cost of $ million. Of this amount, $ million was spent before technological feasibility was established. Carlbury expects a useful life of five years for the new product with total revenues of $ million. During year revenue of $ million was recognized. Required: Prepare a journal entry to record the year development costs. This includes a tablechart
Early in year the Carlbury Company began developing a new software package to be marketed. The project was completed in December, year
at a cost of $ million. Of this amount, $ million was spent before technological feasibility was established. Carlbury expects a useful life of
five years for the new product with total revenues of $ million. During year revenue of $ million was recognized.
Required:
Prepare a journal entry to record the year development costs. This includes a tablechart
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