Question: Closer Co incurred the following costs for internal use software

Closer & Co. incurred the following costs for internal-use software: $12,000 in the preliminary stage of development, $17,000 in external direct material and service costs used in developing the internal-use software, $23,000 in payroll costs for employees working on the project, and $3,500 in interest costs while developing the software. Prepare Closer & Co.’s initial journal entry(s) to record its internal-use software.


View Solution:


Sale on SolutionInn
Sales0
Views268
Comments
  • CreatedDecember 09, 2013
  • Files Included
Post your question
5000