Capitalisation of upgraded version software
This query is : Resolved
20 September 2016
Dear Experts,
we have purchased software on 2013. Now we have purchased upgraded version. we are using new version software instead of old version. In depreciation register WDV of old version software shows some value. So we need to retire of old software and capitalise the new software on books. please request your guidance on this transaction.
20 September 2016
Charge off the value of old version and capitalize the new version.
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