In our company we are implemented SAP software and for that implementation we spend lot of amount in different category, for example software purchase, license fee, implementation professional charges including Travel & conveyance paid to implementation team. It's cost around Rs.1.75 cores.
My question is:
1. While capitalizing SAP implementation expenses, under what asset class I need to take (Computer Software / intangible asset)?
2. What depreciation rate applicable as per company act?
Please help anyone and thanks in advance for quick response.
With regards,
Baskar.V
CAclubindia
