Treatment of Computer Software
This query is : Resolved
29 June 2011
Please advise me in the following
1) Whether a new software purchased having life of say 5 years should be capitalized and depreciated at 60% ?
2) Can it be treated as Intangibles and depreciated at 25% ?
3) Can it be treated as revenue expenditure if amount of software is small ?
1) Whether a new software purchased having life of say 5 years should be capitalized and depreciated at 60% ?
2) Can it be treated as Intangibles and depreciated at 25% ?
3) Can it be treated as revenue expenditure if amount of software is small ?
29 June 2011
treated as Intangibles and depreciated at 25%
it can be treated as revenue expenditure if amount of software is small
it can be treated as revenue expenditure if amount of software is small
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