Software Cost Case

Facts

Your company paid recently $90,000 to purchase a license for 3 years to use generic cloudbased software to account for its various leases. It also paid a third-party consultant an additional $20,000 to customize the software for its use.

Research Issue(s):

Can the $20,000 paid to the external consultant to customize the software be capitalized?

Discussion/Analysis

Conclusion

Need Code and Authoritative Sources