2024 – Computers Software Costs Please respond to the following Imagine that your company is interested in
Accounting 577 – 2024
Computers Software Costs” Please respond to the following:
· Imagine that your company is interested in using cloud computing for all of its software purchases from a third party vendor. Your boss wants you to make a recommendation about the accounting treatment of software purchased through a cloud environment. From the e-Activity, recommend the primary way in which you would properly account for the related costs. Provide support for your recommendation.
· Imagine that you are a vendor who sells of cloud software services. From the e-Activity, recommend the proper accounting treatment for cloud software services from a vendor’s perspective. Provide support for you recommendation.
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