capitalisation of software
This query is : Resolved
Deepanshu arora
(Querist)
27 February 2009
dear all,
piz tell me whether software should be cpitalize or not
piz tell me whether software should be cpitalize or not
CA. B.SRINIVASULU
(Expert)
27 February 2009
If you are going to get the benefit of software for more than one year then you can capitalize the software.
Simant Prakash
(Expert)
27 February 2009
Application softwares(MS Windows)etc. are generally charged off in one year, owing to technological changes. However, this is only GAAP.
As regards ERPs, there is an EAC opinion which says that SAP cost should be capitalised if they meet the requirments of AS 26 on Intangible assets.
As regards ERPs, there is an EAC opinion which says that SAP cost should be capitalised if they meet the requirments of AS 26 on Intangible assets.
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