So far in this series, we have covered quite a bit related to the accounting treatment of website development costs. This part of the series will define useful lives of websites; discuss capitalization of costs, and amortization.
Useful life is a notion left up to judgment as many other items are in US GAAP. US GAAP is unfortunately not a rigid set of rules but more of a set of guidelines that suggest accepted accounting policies. The nature of the components of a website is so varied it can be difficult to determine a useful life for the entire website. …read more
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