As computer software to be sold, leased, or otherwise marketed is developed, software production costs should be accounted for according to which of the following?

Question

Quizplus · Accepted Answer

Software production costs should be accounted for according to generally accepted accounting principles (GAAP) as indicated in option II. Options I, III, and IV are not relevant to accounting for software production costs.

As Computer Software to Be Sold, Leased, or Otherwise Marketed