User Account

All Pages

Explain the appropriate method for determining the amount

Assignment Help Accounting Basics
Reference no: EM13999065

The Elegant Software Company recently completed the development and testing of a new software program that provides the ability to transfer data from among a variety of operating systems. The company believes this product will be quite successful and capitalized all of the costs of designing, developing, coding, and testing the software. These costs will be amortized over the expected useful life of the software on a straight-line basis.

Required:

1. Was Elegant correct in its treatment of the software development costs? Why?

2. Explain the appropriate method for determining the amount of periodic amortization for any capitalized software development costs.

Reference no: EM13999065

Questions Cloud

How is the fixed asset turnover ratio computed : How is the fixed-asset turnover ratio computed? How would you interpret National's ratio of 2.87?
Characteristic of sound : Cymatic Lighting or "visual sound" uses lighting to give cues as to the characteristic of sound. Qualities of sound such as frequency and bountifulness are mapped to similar qualities of luminance and chromaticity via algorithms
Determine the probability of a spin flip in z : What are the eigenvalues for energy, and the corresponding eigenvectors? Determine the probability of a spin flip in z, i.e. calculate P+ = | |2 and sketch your result as a function of t.
Write a research paper about brain damage : Write a research paper about brain damage and it's effect on cognition. You may not copy any part of the reviewed journal article verbatim, with or without source crediting
Explain the appropriate method for determining the amount : Explain the appropriate method for determining the amount of periodic amortization for any capitalized software development costs.
Access edgar on the internet : What has been the most significant financing activity for the company in requirements 2-6 for another company?
What a good job is for crawford : Put in your own words what a good job is for Crawford. Can you tie this conception to any of the 5 marks? Compose one question regarding this reading you would like to see discussed in class
Discuss some problem electronic mail systems : Discuss some problem Electronic mail systems need directories so people's email addresses can be lookedup. To build such directories, names should be broken up into standard components(e.g., first name, last name) to make searching possible.
Determine free cash flows for dell in each of the three year : Determine free cash flows for Dell in each of the three years reported. Compare that amount with net income each year. What pattern do you detect?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd