What can be capitalized for internally developed software?

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Herminia Mante asked a question: What can be capitalized for internally developed software?
Asked By: Herminia Mante
Date created: Tue, Aug 10, 2021 12:38 PM
Date updated: Sat, Jul 2, 2022 1:02 PM

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Top best answers to the question «What can be capitalized for internally developed software»

Internal and external costs incurred to develop internal-use computer software shall be capitalized. This includes payroll and travel costs of employees directly involved with the software development. Additionally, interest costs related to financing the software development are included in this category.

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