The Costs to Develop a Major Website for a Company

question 139

True/False

The costs to develop a major website for a company would be considered to be a capital asset if those costs are significant and material (for example, the costs to develop the website exceed $100,000).

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Definitions:

Overextensions

A linguistic phenomenon in early language development whereby children use words in an overly general manner.

Mental Age

Mental age is a measure of an individual's mental aptitude based on their performance on a standardized test, compared to the average performance of others in their age group.

Intelligence Quotient

is a measure of a person's cognitive abilities in relation to others, typically assessed through standardized tests that evaluate various aspects of intelligence.

Chronological Age

The actual age of an individual measured in years from the date of birth.