Easy Office
LCI Learning

Expense Or capitalise

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 June 2021 We have purchases tally software. It is to be capitalised Or exp. Pls reason to be specified.
Profile Image

CMA Poornima Madhava

Profile Image

CMA Poornima Madhava (Expert)
30 June 2021 To capitalize initial purchase and to expense yearly subscription.
Profile Image

RAKESH

Profile Image

RAKESH (Querist)
30 June 2021 What will be the useful life. And it is capitalise under head computer in fixed asset.?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Deepa B

Profile Image

Deepa B (Expert)
01 July 2021 Useful life of 3-5 years as per AS-26 Intangible assets. Software will be classified as intangible assets

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links