Question
Why are ongoing cloud hosting fees expensed?
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Answer
They are recurring service costs.
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Question
When does an internal-use software cost get capitalized under ASC 350-40?
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Answer
During the application development stage only.
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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 software development costs usually not treated under ASC 730?
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Answer
Software follows ASC 350-40 or ASC 985-20 instead.
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