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Which of the following conditions must exist for a company to capitalize the cost of a cloud computing arrangement? Multiple Choice The company does not

Which of the following conditions must exist for a company to capitalize the cost of a cloud computing arrangement?

Multiple Choice

  • The company does not have the ability to run the software on its own.

  • The company agrees to a contract of at least five years and cannot cancel without significant penalty.

  • Two of the other answers are correct.

  • The company has a contractual right to take possession of the software without significant penalty.

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