Amortisation of software
This query is : Resolved
Devaraj KN
(Querist)
23 December 2008
Under the companies act, depreciation rate prescribed for software is 50%, i.e., we amortize the cost over a period of two years. As most of the softwares are used for more than 2 years, I feel that this rate looks to be on the higher side. Can you explain the logic behind this higher rate.
CA. Amit Daga
(Expert)
28 November 2009
Devraj its not correct. Thatswhy in the ifrs depreciation is as per useful life
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