Advanced
Software capitalization (ASC 350-40 / IAS 38) decision guide
Evaluates internal-use software or development costs for capitalization vs expense, with stages and required documentation. Useful for tech companies and auditors.
Assess software development costs for capitalization under {standard} (ASC 350-40 / IAS 38).
Inputs:
- Project description and timeline: {project_timeline}
- Costs incurred by type (payroll, contractors, cloud): {costs}
- Development stage (preliminary, application dev, post-implementation): {stage_info}
- Useful life and amortization policy: {amort_policy}
- Impairment indicators: {impairment_indicators}
Output:
1) Stage assessment and capitalize/expense decision table by cost type.
2) Capitalization schedule and monthly amortization outline.
3) Required documentation and controls.
4) Common pitfalls (research vs development, maintenance, agile sprints).
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