I have been tasked to research into accounting for a Cloud Computing Arrangement (CCA) from a customer's perspective. I have read through FASB 2015-05 and the IFRS Discussion Group's (IDG) meeting on IAS 8 to add relevancy to Cloud Computing. I am trying to compile the advantages and disadvantages of the different ways to classify the components of CCAs. FASB has considered a CCA without a customer's ability to run the software in-house a service contract. I am curious as to whether or not the service contract would be classified as an asset in this situation.