22 August 2008
We have incurred Deffered Revenue Expenditure of Rs.70 lacs towards ERP installation in the a/c year 2006-07. Kindly explain in how many years we can w/off the same.
25 August 2008
There is no prescribed period in the Act. It shall be over useful life of ERP. If you have some user licence that the periodicity of same shall be used for depreciating the expense.
CAclubindia
