For each independent scenario outlined below, discuss whether the three criteria required for an asset to be

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For each independent scenario outlined below, discuss whether the three criteria required for an asset to be classified as an intangible are fulfilled:
(a) Software purchased specifically for a manufacturing machine that cannot operate without that software
(b) Software purchased for a hotel reservation system that is not essential to the related ancillary hardware equipment
(c) Software developed internally for eventual sale to customers
(d) Software purchased for eventual resale to customers
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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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