In 2014, Xenex Market Services began development of a customer management software package for their own internal use and incurred $40,000 costs related to conceptual formulation of design alternatives. In 2015, management agreed to fully fund development of the software and spent $120,000 in development costs. In 2016, development was completed after incurring an additional $160,000 in
development costs plus another $ 60,000 was spent on training costs for using the software. In 2017, the company started using the software and began amortizing related costs over a 10-year expected useful life. What is the amount of amortization expense for 2017 for this internally-developed software?
A) ?$28,000
B) ?$32,000
C) ?$34,000
D) ?$38,000
A
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Marketers often cut the cost of advertising dramatically by using consumers as their creative team. This strategy is known as ________
A) disintermediation B) public relations C) vertical integration D) reintermediation E) crowdsourcing
Cash flow from financing activities do not include
a. cash issues of long-term borrowings. b. cash redemptions of long-term borrowings. c. cash sales and cash repurchases of common and preferred shares. d. cash payments of interest. e. all of the above.
eDigital Enterprise Corporation discovers a defect in its newly developed, recently marketed tablets. eDigital decides to recall the prod¬uct and replace it with another. eDigital's in¬surance policy with Finance &Business Insurance Company will cover
any harm to customers that oc¬curs before the tablets are returned. Is it likely that the policy will also pay for the recall and replacement? If so, what type of policy does eDigital have?
Design Architects, Inc., and Office Supply Company contract for a sale of office furniture. Design Architects, which is insolvent, breaches the contract. Office Supply can stop delivery of the goods in transit
A. only if the quantity is at least a carload. B. only if the quantity is at least a planeload. C. only if the quantity is at least a truckload. D. regardless of the quantity.