Amortizing Software Development Costs During 2020, the E-Software Company capitalized computer software costs in the amount of $400,000. During 2020, the first year the product is released to sell, sales total $200,000. Estimated future sales for the remaining three-year life (through 2023) of the product are $1,400,000. Record the amount of amortization of capitalized computer development software costs for 2020. Date Account Name Dr. Cr. Dec. 31, 2020 Answer Answer Answer   Answer Answer Answer

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Amortizing Software Development Costs

During 2020, the E-Software Company capitalized computer software costs in the amount of $400,000. During 2020, the first year the product is released to sell, sales total $200,000. Estimated future sales for the remaining three-year life (through 2023) of the product are $1,400,000.

Record the amount of amortization of capitalized computer development software costs for 2020.

Date Account Name Dr. Cr.
Dec. 31, 2020 Answer Answer Answer
  Answer Answer Answer
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