Question: Question (2+2+2 = 6 Marks) Tempo Ltd requires software for its operations. The entity is unsure of how to obtain computer software. Three possibilities are:

Question (2+2+2 = 6 Marks) Tempo Ltd requires software for its

Question (2+2+2 = 6 Marks) Tempo Ltd requires software for its operations. The entity is unsure of how to obtain computer software. Three possibilities are: a) employ its own programmers to write software that the company will use. b) buy computer software to incorporate into a product that the company will develop. c) purchase computer software externally, including packages for payroll and general ledger. Required Analyse the above transactions using AASB 138 and discuss whether the accounting treatment will differ depending on which method is chosen from the three possibilities

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