Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?
Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?
a. All software development costs should be capitalized until technological feasibility is established.
b. All software development costs incurred between the establishment of technological feasibility and general release should be capitalized.
c. All software development costs should be recorded in R&D expense until the product is available for general release to customers.
d. All software development costs incurred between the establishment of technological feasibility and general release should be recorded as R&D expense.
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