📏CPA EXAM PREP

Intangible Assets

Card1 / 41
Question

What is 'development' in ASC 730?

Tap to flip
Answer

Turning research into a product or process design.

Tap to flip back
Question

What is the key capitalization trigger for marketed software?

Tap to flip
Answer

Technological feasibility.

Tap to flip back
Question

What is the key capitalization trigger for internal-use software?

Tap to flip
Answer

Management commitment after the preliminary stage.

Tap to flip back
Question

What happens to legal costs in an unsuccessful patent defense?

Tap to flip
Answer

Expense them, and often impair the patent.

Tap to flip back
Spaceflip