Accounting treatment for UAT expenses incurred on new softwa
This query is : Resolved
05 November 2009
We have developed the new softawre by hiring some resources. But before putting the software live, we engage some external agency to do the UAT. So that it can be ensured that it is free from any deficiencies.
Now my query is that whether we should capitalised the UAT expenses incured or expenses out.
Now my query is that whether we should capitalised the UAT expenses incured or expenses out.
07 November 2009
Yes. The UAT expenses has to be capitalised.
any expenses incurred in relation to assets to bring it to working condition till it is put to use has to be capitalised. (Refer AS-6)
any expenses incurred in relation to assets to bring it to working condition till it is put to use has to be capitalised. (Refer AS-6)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
