Yes, but any permitted cost capitalization should only start once the preparatory stage has been finished, management has committed to supporting the project, it is likely that the project will be completed, and the software will be used for its intended purpose. When all significant testing is finished, the process of capitalizing expenditures should come to a stop. Stop capitalizing the costs related to a project if its completion is no longer likely, and perform an impairment test on the costs that have already been capitalized. The asset should be carried at the lowest of its carrying amount or fair value from that point on (less costs to sell). The general belief is that unfinished software has no reasonable value until there is proof to the contrary.