Purchase the software from ABC Corporation. The agreement with ABC will allow XYZ inc to operate and run the software directly onXYZ’s own internal server. In addition to the cost of the software, XYZ inc anticipates it will incur training and implementation costs for its customer service employees. The purchased software is expected to have a useful life of 3 years.   Determine 9-digit FASB codification? and give me your insight and evaluate alternative solution?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Purchase the software from ABC Corporation. The agreement with ABC will allow XYZ inc to operate and run the software directly onXYZ’s own internal server. In addition to the cost of the software, XYZ inc anticipates it will incur training and implementation costs for its customer service employees. The purchased software is expected to have a useful life of 3 years.

 

Determine 9-digit FASB codification? and give me your insight and evaluate alternative solution?

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