FAR – software question

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    Topic
  • #190310
    Determined CPA
    Participant

    Question:

    In the ninja notes, it says interest expense – interest on projects (software) for internal use is not expensed, but is instead capitalized.

    In my notes I have that software costs are expensed (planning design, coding) until technological feasibility and then after that, capitalized.

    Are both true: Are software costs expensed until tech feas but interest expense on these software costs always capitalized?

    Also, can someone please explain diluted EPS to me? What is included vs what is not in the numerator and denominator?

    A - 75
    B - 78 God is good.
    F - 77 Answered prayers.
    R - 84! Done!!

    Paperwork sent - waiting for license!!
    Still on a cloud and in shock. Through God, all things will happen.

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