Question
Your Company paid recently $90,000 to purchase a license for 3 years to use genetic cloud-based software to account for various leases for it's various
Your Company paid recently $90,000 to purchase a license for 3 years to use genetic cloud-based software to account for various leases for it's various leases. It also paid a third-party consultant an additional $20,000 to customize the software for it's use.
Research issues
Can the $20,000 paid to the external consultant to customize the software be capitalized?
Discussion/Analysis
Conclusion
Step by Step Solution
3.37 Rating (150 Votes )
There are 3 Steps involved in it
Step: 1
The expenditure incurred on the customisation of the software will be consumed over th...
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
