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Computer Software

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2010 Whether Computer Software can be shown combinedly as Computers & Softwares or it should be shown separately as Intangible Asset. What is the rate of depreciation on Softwares.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 July 2010 A ready made computer software can be treated under computer and softwarea and depreciate as Computer rate,

Only the in house developed or software developed for particularly your company can be treaed Intangible asset and can be amortised over useful period of time
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