Micropolois Technology Began a New Development Project in 2017

question 49

Multiple Choice

Micropolois Technology began a new development project in 2017. The project reached technological feasibility on September 1, 2018, and was available for release to customers at the beginning of 2019. Development costs incurred prior to September 1, 2018, were $4,200,000 and costs incurred from June 30 to the product release date were $1,800,000. The 2019 revenues from the sale of the new software were $3,000,000, and the company anticipates additional revenues of $12,000,000. The economic life of the software is estimated at three years. Amortization of the software development costs for the year 2019 would be:

• A) $1,400,000.
• B) $360,000.
• C) $600,000.
• D) $2,000,000.

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Definitions:

Charismatic Prayer Group

A religious group that emphasizes direct personal experience of God through fervent prayer and the active participation of the Holy Spirit.

Speak in Tongues

a religious phenomenon where individuals speak in languages unknown to them, often considered a spiritual gift in some Christian denominations.

Collective Effervescence

A sociological concept of a community or society's shared energy and harmony experienced during rituals or festivities.

Secularization

The process by which religious institutions, practices, and beliefs lose their social significance, leading to a decline in religious authority and influence in public and private life.