Purchase of licensed software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2009
Dear Sirs,
Does purchase of licensed software come under ASSETS? If so, is depreciation allowed on that?
If they do not come under assets? can they be treated as business expenditure?
Kindly let me know.
Regards,
Rajesh
Does purchase of licensed software come under ASSETS? If so, is depreciation allowed on that?
If they do not come under assets? can they be treated as business expenditure?
Kindly let me know.
Regards,
Rajesh
06 November 2009
as per my knowledge, purchase of licenced software may be the expenditure. Not under the Asset. Asset means, have to depreciate. Depreciation on visible asset only. (Ex.Goodwill). even i have the same doubt. expecting the solvation from experienced senior experts.
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