Fixed Assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
Whether License software purchase can be capitalised?
28 June 2010
NO. IF LICENSE IS FOR ONE YEAR IT SHOULD BE TREATED AS REVENUE EXPENDITURE.
28 June 2010
Agreed, If is recurring nature i.e year to year, it is expensed. If licencse software for long period , then it is to be captialized.
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