FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40)
Recognition (350-40-25 as amended) – FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40)

FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40) 25-15: Replacing software: reconsider useful lives and expense the unamortised old cost

What does 25-15 require?

Starting new development to replace existing software triggers a review of the remaining useful life of the software being replaced; when the replacement is ready for its intended use, any unamortised cost of the old software is expensed.

Maintained by Gerard Blokdyk

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