During 2017-18, Mindblogger Ltd incurred costs to develop and produce a mobile application computer software product, as follows: Completion of detailed program design ?23,000 Cost incurred for coding and testing to establish ?20,000 technological feasibility Other coding costs after establishing technological feasibility ?39,000 Other testing costs after establishing technological feasibility ?31,000 Cost of producing product masters for training purposes ?30,000 What amount should be capitalized as software cost?

The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%