Knowledge Check $01$

Which of the following statements about the amortization of software development costs are true?

Note: Select all that apply.

Check All That Apply

$$ Under U$.$S$.$ GAAP, the percentage used to amortize computer software development costs is the lesser of $(1)$ the ratio of current revenues to current and anticipated revenues or $(2)$ the straight$-$line percentage over the useful life of the software.

$$ Under U$.$S$.$ GAAP, the percentage used to amortize computer software development costs is the greater of $(1)$ the ratio of current revenues to current and anticipated revenues or $(2)$ the straight$-$line percentage