Recognition of intangible assets LO4 Jersey Ltd is unsure of how to obtain computer

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Recognition of intangible assets    LO4 Jersey Ltd is unsure of how to obtain computer software. Four possibilities are: 1. purchase computer software externally, including packages for payroll and general ledger 2. contract to independent programmers to develop specific software for the company’s own use 3. buy computer software to incorporate into a product that the company will develop 4. employ its own programmers to write software that the company will use. Required Discuss whether the accounting will differ depending on which method is chosen.

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Financial Reporting

ISBN: 978-0730363361

2nd Edition

Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes

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