Terra Corp.purchased a new enterprise software system and incurred the following costs: $$\begin{array} { | l | r | }
\hline \text { Cost of the system } & \$ 800,000 \
\hline \text { Installation of system } & 5,000 \
\hline \text { Testing of system } & 6,000 \
\hline \text { Initial training of employees } & 9,000 \
\hline
\end{array}$$ 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: $$\begin{array} { | l | r | } 
\hline \text { Cost of the system } & \$ 800,000 \
\hline \text { Installation of system } & 5,000 \
\hline \text { Testing of system } & 6,000 \
\hline \text { Initial training of employees } & 9,000 \
\hline
\end{array}$$ 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: $$\begin{array} { | l | r | } 
\hline \text { Cost of the system } & \$ 800,000 \
\hline \text { Installation of system } & 5,000 \
\hline \text { Testing of system } & 6,000 \
\hline \text { Initial training of employees } & 9,000 \
\hline
\end{array}$$ What is Terra Corp.'s basis in the software system?
A)$800,000
B)$805,000
C)$811,000
D)$820,000

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