Terra Corp.purchased a new enterprise software system and incurred the following costs: What is Terra Corp.'s basis in the software system?
A)$800,000
B)$805,000
C)$811,000
D)$820,000

Question

Terra Corp.purchased a new enterprise software system and incurred the following costs:  What is Terra Corp.'s basis in the software system?
A)$800,000 
B)$805,000 
C)$811,000 
D)$820,000

Quizplus · Accepted Answer

The Answer of Terra Corp.purchased a new enterprise software system and incurred the following costs:  What is Terra Corp.'s basis in the software system?
A)$800,000 
B)$805,000 
C)$811,000 
D)$820,000