Question: An article in the financial press stated, More than half of software maker Comserves net worth is in a pile of tapes and ring-bound books.

An article in the financial press stated, “More than half of software maker Comserve’s net worth is in a pile of tapes and ring-bound books. That raises some accountants’ eyebrows.” What is the profession’s position regarding the incurrence of costs for computer software that will be sold?

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