The Costs Associated with the Development of Software,for Sale or Internal

question 17

True/False

The costs associated with the development of software,for sale or internal use,should be expensed in the period incurred.

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Definitions:

Anatomical Position

A standard posture in which an individual stands upright with arms at the sides and palms facing forward, used as a reference in describing the relation of body parts to one another.

Thumbs

The first digit on each hand, highly mobile and capable of opposition to the other fingers, allowing for grasping and manipulating objects.

Gallbladder

A small digestive organ that stores bile produced by the liver, releasing it into the small intestine to aid in the digestion of fats.

Ventral Body Cavity

A large body cavity in humans and many animals that houses the majority of the thoracic and abdominopelvic organs, separated into two parts by the diaphragm: the thoracic cavity and the abdominopelvic cavity.