Cebrex Software Began a New Development Project in 2017

question 59

Multiple Choice

Cebrex Software began a new development project in 2017. The project reached technological feasibility on June 30, 2018, and was available for release to customers at the beginning of 2019. Development costs incurred prior to June 30, 2018, were $3,200,000 and costs incurred from June 30 to the product release date were $1,400,000. The economic life of the software is estimated at four years. For what amount will software be capitalized in 2018?

• A) $0.
• B) $5,600,000.
• C) $1,400,000.
• D) $3,200,000.

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Definitions:

Scarcity

The economic condition of having limited resources available to meet unlimited wants and needs.

Power-oriented Linguistic Style

A way of communicating that is designed to showcase authority, control, and dominance over the conversational flow and listeners.

Technical Jargon

Specialized language or terms used by experts in a particular field or industry, often hard to understand by outsiders.

Cross-cultural Relations

Interactions that occur between individuals or groups from different cultural backgrounds, focusing on understanding and respect.