Question
What is the general GAAP rule for R&D costs under ASC 730?
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Answer
Expense them as incurred.
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Question
Why are marketed software costs expensed before technological feasibility?
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Answer
The product is not yet technically ready for release.
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Question
Why are preliminary project and post-implementation costs for internal-use software expensed?
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Answer
They occur before useful development or after the software is in use.
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Question
What triggers capitalization for software to be sold, leased, or marketed?
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Answer
Technological feasibility.
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