Flappy Software began a new development project in 2019 . The project reached technological feasibility...

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Accounting

image Flappy Software began a new development project in 2019 . The project reached technological feasibility on Sept 30, 2020 and was available for release to customers at the beginning of 2021. Development costs incurred prior to Sept 30, 2020 were $1,000,000 and costs incurred from Sept 30 to the product release date were $400,000.2021 revenues from the sale of the new software were $8,000,000 and the company anticipates additional revenues of $16,000,000. How much will be capitalized as software development costs

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