With respect to website development costs, costs incurred during the planning stage are to be expensed.

Name: With respect to website development costs, costs incurred during the planning stage are to be expensed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Costs incurred during the planning stage of website development are considered to be preliminary expenses, and should be expensed as incurred rather than being capitalized. This is in accordance with generally accepted accounting principles (GAAP).

With Respect to Website Development Costs, Costs Incurred During the Planning