The Great Migration, or the relocation of more than 6 million African Americans from the rural South to the cities of the North, Midwest and West from 1916 to 1970, had a huge impact on urban life in the United States.
With the traditional perpetual license purchase of software, the rules are easier to apply. Clearly, the cost of the license can be capitalized and amortized over a useful life period (five years typically). Some of the implementation costs, which are usually billed by the vendor or third-party can be capitalized. Software development is the key term that would include creating the chart of accounts and customizing components of the software to function effectively for the organization and testing.
| Mar 1, 2014. As far as the patent goes, you will be incurring costs for potentially years to come as you move through the stages, legal due diligence, fees, professional fees and consulting, documentation, etc. All these costs can be be capitalized as a project in process, much like construction in progress. At the point in time you determine you have a failed patent application, you will need to write those costs off to expense, just as with any other project that fails. I'm not going to try to cite US GAAP, but you will need to do your own accounting due diligence to be sure you are following the rules.