Yardboy · January 2, 2016 10:59
diff --git a/gistfile1.txt b/gistfile1.txt
 C:
 ---
 To my knowkedge, the capitalization or expensing of costs related to software development depend on the 
 type of activity, not how the project might have been planned. For instance, planning and feasibility 
 research type costs are to be expensed when incurred, while application development costs are 
 capitalized. In the case of software to be sold, there is also a determination of feasbility point to 
 be considered when drawing the line between expense as incurred and capitalize. I believe the guiding 
 standards come from FASB 86 and AICPA SOP 98-1.

 R's question seemed to imply that this was a "univeral rule", so I would be interested to hear what 
 authority is promulgating said rule. I don't mean to barrel in, it's just something that's piqued my 
 interest.
	C:
	---
	To my knowkedge, the capitalization or expensing of costs related to software development depend on the
	type of activity, not how the project might have been planned. For instance, planning and feasibility
	research type costs are to be expensed when incurred, while application development costs are
	capitalized. In the case of software to be sold, there is also a determination of feasbility point to
	be considered when drawing the line between expense as incurred and capitalize. I believe the guiding
	standards come from FASB 86 and AICPA SOP 98-1.

	R's question seemed to imply that this was a "univeral rule", so I would be interested to hear what
	authority is promulgating said rule. I don't mean to barrel in, it's just something that's piqued my
	interest.