Business, 21.12.2019 04:31 lucypackham9

Very early in 2018, while developing software for sale to others, after achieving technological feasibility but before the commencement of commercial production, x company incurred $320,000 to produce product masters and to test the software. x company estimated that the software will be sold for a total of 10 years. after nearly a full year of selling, x had revenues from software sales of $120,000 in 2018. sales in future periods are expected to amount to $680,000. costs associated with producing and packaging the software approximate 10% of revenues. what portion, if any, of the $320,000 will be recognized in income in 2018?
a. $48,000
b. $32,000
c. $0
d. $320,000

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