09 February 2010
If a company is involved in designing work then computers become the asset on which the designing is done. So should it be shown under computer A/c or it should be shown as Plant & Machinery ?
Further the design software used is more expensive than the computer itself. So how do we account for the same? Do we treat it as part of computer or do we show it as software only?
Further the software has a subscription period of 1 year after which it may have to be subscribed again. How to account for the same?
CAclubindia
