In 2014, Xenex Market Services began development of a customermanagement software package for their own internal use and incurred$40,000 costs related to conceptual formulation of designalternatives. In 2015, management agreed to fully fund developmentof the software and spent $120,000 in development costs. In 2016,development was completed after incurring an additional $160,000 indevelopment costs plus another $ 60,000 was spent on training costsfor using the software. In 2017, the company started using thesoftware and began amortizing related costs over a 10-year expecteduseful life. What is the amount of amortization expense for 2017for this internally-developed software?
ANSWER IS 28,000$. Please help me figure out this problem for ialready know the answer
In 2014, Xenex Market Services began development of a customer management software package for their own internal use an
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