Terra Corp.purchased a new enterprise software system and incurred the following costs: 
What is Terra Corp.'s basis in the software system?
Definitions:
Cash Receipts Journal
A dedicated financial journal that tracks all cash inflows to a business, detailing the source and amount of cash received.
Cash Sales
Transactions where payment is made in cash at the time of the sale.
Cash from Sale
The cash received from selling goods or services.
Cash Receipts Journal
A financial journal that records all cash transactions, including sales and received payments, entering a business.
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