I’m not sure if this is a legal question, so mods feel free to delete it.
Right now I am working with my partner on writing a business plan. I am currently going over long term budgeting and income. I was looking at FASB statement no. 86 on software development, and I was wondering if anyone knows the rules for licensed software? After reading the statement it was unclear, and I would like to know if licensed software gets capitalized or expensed? Or does anyone know of a source that I could use to look stuff like this up?
