March 5, 2020
The Hartford Business Journal published an article by National Technology & Life Sciences Industry Leader Michael Brooder and Senior Manager Daniel Villecco about properly capitalizing software costs.
Hartford Business Journal
By Michael Brooder, National Technology & Life Sciences Industry Leader & Daniel Villecco, Senior Manager, Assurance Services
Excerpt:
The rules for capitalizing software costs, which apply to both perpetual licensing and SaaS products, may appear cumbersome, but can be broken down into three easy steps: (1) determining which capitalization “bucket” the software falls into, (2) identifying which costs to capitalize, and (3) amortizing the costs.
