Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2011
If a company has purchased a software which is developed by a third party (Say Microsoft) & it is being purchased from some other IT company but the software is customized according to the organisations specifications, then what will be the head of that software for charging depreciation. Will it be Intangible asset or it will be clubbed into computer & computer software ? Will the ans be same if we have to pay some licence fees also.
29 June 2011
All Softwares are intangibles, depreciable at 25% in IT
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