Question: For each independent scenario outlined below discuss whether the three

For each independent scenario outlined below, discuss whether the three criteria required for an asset to be classified as an intangible are fulfilled:
(a) Software purchased specifically for a manufacturing machine that cannot operate without that software
(b) Software purchased for a hotel reservation system that is not essential to the related ancillary hardware equipment
(c) Software developed internally for eventual sale to customers
(d) Software purchased for eventual resale to customers

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  • CreatedSeptember 18, 2015
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