Question: The tech company you are working for regularly develops its own software for use internally. Recently, it has decided to also start providing this computer

The tech company you are working for regularly develops its own software for use internally. Recently, it has decided to also start providing this computer software to clients and is deciding how to account for the costs of this internally-developed software, and how the accounting would compare to if it purchased software from another company to use and sell. Provide the accounting for each of these scenarios, with citations to the relevant authoritative guidance.

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