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Accounting for the cost of externally marketed software
We kick off our miniseries on software costs. They are accounted for using two different models depending on whether the software is used internally or externally. In this episode we focus on the external use model applicable to software to be sold, leased, or otherwise marketed as a separate product or embedded within a product or process.
In this episode, we discuss:
3:20 – How to determine whether the internal use or externally-marketed software models apply
10:08 – An overview of the externally marketed software model (ASC 985-20)
11:25 – When technological feasibility of software is…
The skinny
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