Iphone Application Development cost

msf
msf Registered Posts: 22 Dedicated contributor ? ? ?
Hi I hope someone can help me with this.

The cost is in region of £20k, the application is finished and has users using it and it is a free download. at present there is no revenue.

should the cost be capitalised or keep in revenue and use the loss to offset future income?

I'd appreciate some comments please.

Comments

  • peaman
    peaman Registered Posts: 123 ? ? ?
    I have not come across research & development in real life (only studying) but I believe computer software development costs should be capitalised and then amortised when the software becomes available to the public.
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