As computer software is developed that is to be sold, leased, or otherwise marketed, software production costs should be accounted for as follows: Expense up to technological feasibility Capitalize after general release a. Yes Yes b. Yes No c. No Yes d. No No

As computer software is developed that is to be sold, leased, or otherwise marketed, software production costs should be accounted for as follows: Expense up to technological feasibility Capitalize after general release a. Yes Yes b. Yes No c. No Yes d. No No

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

As computer software is developed that is to be sold, leased, or otherwise marketed, software production costs should be accounted for as follows:

Expense up to

technological
feasibility Capitalize after general
release
a. Yes Yes
b. Yes No
c. No Yes
d. No No

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