Question
Listed below is a series of statements about various costs associated with intangible assets, some of the costs should be capitalized and some of the
Listed below is a series of statements about various costs associated with intangible assets, some of the costs should be capitalized and some of the costs should be expensed.
Required: Indicate which of each of these costs should be expensed by checking the appropriate box next to your answers
NOTE: THIS IS A MULTIPLE ANSWER QUESTION WITH MORE THAN ONE ANSWER
The cost of acquiring a copyright | ||
Legal costs incurred on the successful defense of a patent infringement suit | ||
Legal fees incurred in conjunction with the unsuccessful defense of a patent infringement lawsuit | ||
Employee training costs associated with training employees to run new software | ||
Maintenance and customer support costs incurred after a software package is released for sale | ||
Continuing franchise costs | ||
Software costs incurred after technological feasibility is established | ||
Software production costs incurred prior to technological feasibility being established | ||
The cost paid over the fair value of an acquired company's net assets | ||
Unit costs of producing software |
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