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Please explain how software development costs are...

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Please explain how software development costs are treated. How is this different from other types of R & D? Please differentiate between activity-based and time-based cost allocation methods. What would be an appropriate asset to use for each method? What is a lump-sum purchase? How do we account for the lump-sum purchases of a group of long-term assets?

 

Paper#4609 | Written in 18-Jul-2015

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