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What is a lump-sum purchase

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Please explain how software development costs are treated. How is this different from other types of R & D?

Please differentiate between activity-based and time-based cost allocation methods. What would be an appropriate asset to use for each method?

What is a lump-sum purchase? How do we account for the lump-sum purchases of a group of long-term assets?

Reference no: EM131894746

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