Internal use software costs are: a. always expensed b. always capitalized c. capitalized once the preliminary...
Internal use software costs are:
a. always expensed
b. always capitalized
c. capitalized once the preliminary costs is completed
d. capitalized once the preliminary cost is completed and the
software will be used to perform the function.
---------- cannot be separated from the entity and
sold , transferred , licensed ,rented ,or exchanged.
a. internally developed identifiable intangible asset
b. tangible asset
c.purchased identifiable intangible asset
d. unidentifiable intangible asset
Homework Answers
Question No. (1) -
Answer -
Internal use software costs are capitalized once the preliminary cost is completed and the software will be used to perform the function.
Hence, Option - (d) is Correct.
.
Question No. (2) -
Answer -
Unidentifiable intangible asset cannot be separated from the entity and sold , transferred , licensed ,rented ,or exchanged.
Hence, Option - (d) is Correct.
Add Answer to:
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