Software being utilized for construction

15 pts.
Tags:
Software
Software development
Does anyone know the proper accounting treatment for software development being utilized for internal construction projects (capitalize or expense)? We would like to capitalize (as part of Fixed Assets such as Building) all the development costs that are typically expensed (data conversions, G&A, Program and Project Management, Functional Requirements definition, etc) as outlined in Statement of Position 98-1: Accounting for the Costs of Computer Software Developed or Obtained for Internal Use.

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  • TomLiotta
    That's a question that should be answered by your accountant and possibly your auditor. This isn't exactly a site for CPAs, so you're better off searching Google than asking here and having us do the searching for you (and filtering the results). It isn't a straightforward answer; there are various questions or tests to apply to different elements of the costs. -- Tom
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