I just want to know how to get the answer which is 750,000 MC47 On January 1, 2019, RMP Innovations, Inc. had capitalized cost ofP2,500,000 for a new computer software product with an economiclife of 5 years.expected that sales of software during its five year economic lifewould total P5,000,000. The expected sales in the remaining fourSales for 2019 amounted to P1,500,000.It is years are:2020P1,200,0003;2021 - P1,000,000; 2022 -P900,000; and 2023 - P400,000On December 31, 2019, the software had fair value less cost to sellof P2,250,00o.How much is the computer software amortization expense for theyear ended December 31, 2019?P750,000P500,000P250,000P225,000a.b.с.d.

Amortization refers to writing off of an intangible asset over a specific time period.

Answered: 7 On January 1, P2,500,000 for life of…

Business

Accounting

7 On January 1, P2,500,000 for life of 5 years expected that would total PE

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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