What percentage of the original capitalized cost should be reported as the net amount on Cheese Company's December 31, 2019 statement of financial position, assuming that the pattern of future revenue from the software can be determined reliably, and that the economic benefits expected to be derived from the software is predominantly limited by the expected revenue? а. 90% b. 80% 75% 70% d.
What percentage of the original capitalized cost should be reported as the net amount on Cheese Company's December 31, 2019 statement of financial position, assuming that the pattern of future revenue from the software can be determined reliably, and that the economic benefits expected to be derived from the software is predominantly limited by the expected revenue? а. 90% b. 80% 75% 70% d.
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 28CE
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