1. Companies are incurring significant costs to develop Internet web sites. These companies may be "Internet " companies, traditional "brick and mortar " companies, or service companies. The web sites may be used to promote or advertise products or services, supplant manual processes or services, sell products (including software) or services, or to do a combination of all three. Further, due to rapid changes in technology, new uses for web sites are being developed. Diversity in practice exists in accounting for web site development costs. Some entities capitalize web site development costs, others expense such costs, and still others capitalize some of those costs and expense the rest. 2. The issue is how an entity should account for costs incurred to develop a web site. EITF DISCUSSION 3. The Task Force discussed the accounting for web site development costs and reached the following consensuses. Copyright © 2000, Financial Accounting Standards Board Not for redistributio
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