Question: magine that your company is interested in using cloud computing for all of its software purchases from a third party vendor. Your boss wants you

magine that your company is interested in using cloud computing for all of its software purchases from a third party vendor. Your boss wants you to make a recommendation about the accounting treatment of software purchased through a cloud environment.

  • Research the accounting treatment for cloud computing software purchases using the Internet and the Strayer Library.
  • Recommend the primary way in which you would properly account for the related costs. Provide support for your recommendation.

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DQ#2. When is software considered to be for internal use or for sale?

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