The accounting of sales and costs of many new technology products has resulted in many ethical and legal controversies. Often, the use life of the new product is difficult to assess and therefore how to allocate sales and costs are debatable. A court decision provides guidelines to address these issues. The court decision is an example of:

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The court decision is an example of common law, which is based on judicial decisions and precedent rather than legislation or administrative regulations. UCC codification and statutory law are both legislative forms of law, while administrative law involves regulations set by administrative agencies. None of these are directly applicable to a court decision on sales and costs for new technology products.

The Accounting of Sales and Costs of Many New Technology