Comment by steine65

This does feel a bit like propaganda. I'm a CPA with ex-Big4 audit experience, albeit only 4 years, and specialized in revenue rather than expenses. I just briefly read over the pwc summary of the related FASB standards covering Subtopics ASC 985-20 and ASC 350-40. It pretty much says that you expense everything on software that intended for selling until it's technologically feasible. Upgrades afterwards are capitalized, then amortized. Internal software development is capitalized. Like, if you build internal infrastructure, it likely has value, similar to PP&E. Differences is, Equipment is physical. The value of the software is the minds and time that went into it. I'm also certain that if you could prove to your auditors that your software is not worth much, you could probably expense more of the costs. This whole thread screams big tech company propaganda.