Question: 3. [Capitalization of computer software; CFA adapted] a. Discuss the conditions, under U.S. GAAP, under which com- puter software development costs may be capitalized, before

3. [Capitalization of computer software; CFA adapted]

a. Discuss the conditions, under U.S. GAAP, under which com- puter software development costs may be capitalized, before and after a product is proven economically feasible.

b. How would your answer differ for IASB (IAAP?

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