Completion of detailed program design Cost incurred for coding and testing to establish technological feasibilit Other coding costs after establishment of technological feasibility Other testing costs after establishment of technological feasibility Cost of producing product masters Reproduction and duplication costs from product masters Packaging costs for the reproduced software

Completion of detailed program design Cost incurred for coding and testing to establish technological feasibilit Other coding costs after establishment of technological feasibility Other testing costs after establishment of technological feasibility Cost of producing product masters Reproduction and duplication costs from product masters Packaging costs for the reproduced software

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 5E

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Which of the following costs related to computer software is capitalized to an intangible asset account? Question 4 options: a Costs of duplication and reproduction of software for sale b Development costs before technological feasibility is achieved c Coding and testing costs incurred to establish technological feasibility d Coding and testing costs incurred after technological feasibility is established but before the product master is completed
Classify each of the following as either one-time or recurring costs: a. training personnel b. initial programming and testing c. systems design d. hardware costs e. software maintenance costsf. site preparation g. rent for facilities h. data conversion from old system to new system i. insurance costs j. installation of original equipment k. hardware upgrades
Automotive art Net Present Valueo N/A • Return on Investment (ROI) • Anticipated Benefits from the Deployment of the New System • Project Risk and Feasibility of the Project • Organizational Risks and Feasibility • Evaluate Technological Risks and Feasibility • Assess Resource Risks and Feasibility • Identify Schedule Risks and Feasibility • Client Review and Approval • Work Breakdown Structure (WBS)
Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs are inventoriable and thus included in cost of goods sold? a. maintenance and customer support costsb. design, coding, and testing costs incurred before technological feasibility is establishedc. costs of software developed for internal used. costs of disks, software duplication, and training materials
A feasibility study for a new computer system should a. consider costs, savings, controls, profit improvement, and other benefits analyzed by application area. b. provide the preliminary plan for converting existing manual systems and clerical operations. c. provide management with assurance from qualified, independent consultants that the use of a computer system appeared justified. d. include a report by the internal audit department that evaluated internal control features for each planned application.
One-time costs of system development include all of the following EXCEPT a. site preparation. b. hardware maintenance. c. programming. d. hardware acquisition. e. data conversion.
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
Step 1: Definition of R&D Costs Research Costs: Expenditures incurred to acquire new knowledge or understanding, primarily for the purpose of discovering new scientific or technological knowledge. Development Costs: Expenditures incurred to apply research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, processes, systems, or services. Step 2: Recognition of R&D Costs Research Costs: Generally expensed as incurred since the future benefits are uncertain and not reliably measurable. Development Costs: Capitalized if specific criteria are met, including technical feasibility, intention to complete, ability to use or sell, generation of future economic benefits, and adequate resources to complete. Step 3: Capitalization Criteria Technical Feasibility: The product or process must be technically feasible, meaning that it is feasible to complete it and use or sell the resulting…
a) The acronym TELOS which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaboratecost-benefit analysis under economic feasibility. b) Accountants should be involved in the detailed design and implementation of the system development life cycle. Comment on the statement. (350 words)
#2 Which of the following would be an example of a research and development expenditure eligible for the R&D credit? a. Marketing research for a new project. b. Research to technologically improve an existing product. c. Research to alter design after commercial production has begun. d. Research to adapt existing component to a large customer's personal requirements. e. Routine testing for quality control of an existing product. Nee
Which of the following activities would be excluded from R&D? laboratory research aimed at discovery of new knowledge conceptual formulation and design of possible product or process alternatives design, construction, and operation of a pilot plant that is not of a scale economically feasible to the company for commercial production engineering follow-through in an early phase of commercial production
Part (a). The unit coordinator (UC) has discussed different approaches to the steps involved in the system development life cycle (SDLC). Discuss these steps based on any of the approaches discussed in the interactive tutorials. Further, the UC has elaborated the cost-benefit analysis in the context of economic feasibility. Discuss this cost-benefit analysis. Part (b). The accountants play a significant role in the design and implementation phases of the system development life cycle. Comment on the statement.