Asked by Zerin Firoze on Jul 04, 2024
Verified
For U.S.GAAP,software development costs are capitalized as intangible assets
A) from the beginning of development.
B) after a copyright is obtained.
C) once the product is introduced into the marketplace.
D) once the technological feasibility of the product is establisheD.
Technological Feasibility
The point at which a company determines that a new technology can be developed and made into a working product.
Software Development Costs
Expenses incurred in the research, development, design, and testing of software, which may be capitalized or expensed depending upon their nature and the accounting policies followed.
- Acquire knowledge of the financial handling for costs associated with research and development (R&D) and software creation.
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Learning Objectives
- Acquire knowledge of the financial handling for costs associated with research and development (R&D) and software creation.
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