Your Company paid recently $90,000 to purchase a license for 3 years to use genetic cloud-based software to account for various leases for it's various leases. It also paid a third-party consultant an additional $20,000 to customize the software for it's use.

Research issues

Can the $20,000 paid to the external consultant to customize the software be capitalized?

Discussion/Analysis

Conclusion

Answer rating: 100% (QA)

The expenditure incurred on the customisation of the software will be consumed over th... View the full answer