Terra corp purchased a new enterprise software system and, Financial Accounting

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Terra corp purchased a new enterprise software system and

Terra Corp. purchased a new enterprise software system and incurred the following costs:

Cost of the system……………………………………………………… $800,000

Installation of system……………………………………………………… 5,000

Testing of system………………………………………………………… 6,000

Initial training of employees………………………………………………. 9,000

What is Terra Corp.'s basis in the software system?

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Financial Accounting: Terra corp purchased a new enterprise software system and

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Financial Accounting: Terra corp purchased a new enterprise software system and

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