#120 Software Costs Flashcards by Nick Christensen | Brainscape

Q

Regarding software costs, what are the only costs that can be capitalized?

A

The cost of developing software

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Q

Regarding software costs, are the costs of investigating feasibility capitalized or expensed?

A

Expensed

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Q

Regarding software costs, are the costs for training and maintenance capitalized or expensed?

A

Expensed

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Q

For capitalized software costs, each year annual amortization is the greater of what?

A

BV (current year revenue / total estimated future revenue including current year revenue)
Straight line amortization

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