An article in the financial press stated, "More than half of software maker Comserve's net worth is in a pile of tapes and software programs, and ring-bound books of documentation. That raises some accountants' eyebrows." Considering the above scenario, respond to the following questions:

• What is the profession's position regarding the incurrence of costs for computer software that will be sold or leased by this company?
• What are GAAP regulations and requirements?