Lesson: Software Costs Summary

In this lesson, explore the pivotal concept of technological feasibility and its impact on how costs related to software development are treated in accounting. Nick Palazzolo, CPA, breaks down the critical distinction between expensing costs before the establishment of technological feasibility and the shift to capitalizing costs thereafter. The focus here is on cementing your understanding of these concepts to effectively tackle related questions. Remember, mastery comes with repetition, and this lesson ensures you are well-versed in this key area. Stay tuned for the next discussion!