Software Costs (ASC 985-20) Flashcards
1
Q
Cost before technological feasibility
A
Expense
2
Q
Cost subsequent to Feasibility
A
Capitalize as Computer and software costs
Then Amortize
3
Q
Software production Costs (Duplicate manuals and software)
A
Capitalize in Inventory
Expense through Cost of Goods Sold as you sell them
4
Q
Post Implementation Costs - Training, Customer Support and Maintenance
A
Expense as Incurred
5
Q
JE for Cost before technological feasibility (coding and testing)
A
DR: R and D Expense
6
Q
JE for Cost after technological feasibility (development, coding and testing)
A
DR: Capitalized Software Development Costs
7
Q
Duplication of Product, packaging, Documentation, Training Materials, etc
A
DR: Inventory of Product
8
Q
Sell Product
A
DR: COGS
9
Q
Customer Service
A
DR: Expense
