[Verse 1] When development costs arise in ASPE land The rules are softer than you might have planned No strict criteria like IAS thirty-eight More judgment calls to navigate your fate Technical feasibility shows the way With intention clear to use another day [Chorus] ASPE's flexible, not so rigid Development costs when benefits are vivid Capitalize when future flows are certain Don't let those expenses be your burden Technical feasibility and intention true Resources adequate to see it through [Verse 2] Unlike international standards so strict ASPE gives you room to pick and predict Future economic benefits in sight Resources sufficient to make it right Ability to measure costs with care These are the factors that you need to share [Chorus] ASPE's flexible, not so rigid Development costs when future flows are vivid Capitalize when future flows are certain Don't let those expenses be your burden Technical feasibility and intention true Resources adequate to see it through [Bridge] Six criteria under IAS are mandatory But ASPE takes a less statutory Approach to development cost accounting Professional judgment is what they're counting Market exists or internal use is planned Demonstrate control with steady hand [Verse 3] Once you start to capitalize the cost Amortization patterns can't be lost Systematic basis over useful life Cut through uncertainty like a knife Impairment testing when indicators show Asset values might be running low [Chorus] ASPE's flexible, not so rigid Development costs when future flows are vivid Capitalize when future flows are certain Don't let those expenses be your burden Technical feasibility and intention true Resources adequate to see it through [Outro] Development costs under ASPE's reign More flexibility reduces the strain When criteria meet professional judgment's test Capitalize those costs and do your best
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