For USGAAP,software Development Costs Are Capitalized as Intangible Assets

question 75

Multiple Choice

For U.S.GAAP,software development costs are capitalized as intangible assets

• A)from the beginning of development.
• B)after a copyright is obtained.
• C)once the product is introduced into the marketplace.
• D)once the technological feasibility of the product is establisheD.

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Definitions:

Other Income/Expense

Non-operational revenue or costs that are not related to the primary activities of a business, such as gains or losses from investments.

Loss

A situation where business expenses exceed revenues, resulting in a negative net income.

Disposal of Asset

The process of selling, scrapping, or otherwise disposing of a company's asset.

Copyright

A legal right granted to the creator of an original work, protecting it from unauthorized use.