Q1. Computer Software Costs
To successfully complete this week’s discussion, you will need to research the accounting treatment for cloud computing software purchases.
Consider this scenario: Your company is interested in using cloud computing from a third-party vendor for all of its software purchases. Your boss wants you to make a recommendation about the accounting treatment of software purchased through a cloud environment.
In a post of no more than two to three paragraphs, please directly address the following:
• Recommend the primary way you would properly account for the related costs.
o Be sure to provide support for your recommendation.
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