DEPRECIATION ON SOFTWARE ERP
This query is : Resolved
15 April 2010
DEAR ALL,
WE HAVE INSTALLED A ERP SOFTWARE IN OUR COMPANY. FOR WHICH WE HAVE PAID SOFTWARE DEVELOPMENT , MAINTAINANCE, IMPLEMENTAION CHARGES WHICH IS Rs. 600000 at intial and afterward Rs.20000 pm. for 2 years.
Please advise whether it is to be capitalized or expensed.
WE HAVE INSTALLED A ERP SOFTWARE IN OUR COMPANY. FOR WHICH WE HAVE PAID SOFTWARE DEVELOPMENT , MAINTAINANCE, IMPLEMENTAION CHARGES WHICH IS Rs. 600000 at intial and afterward Rs.20000 pm. for 2 years.
Please advise whether it is to be capitalized or expensed.
15 April 2010
Software expense should be capitalise and recurring exp should be charge to P&L
CA Ashok Kumar Sahu
(Expert)
15 April 2010
agree with somaniji
16 April 2010
tHANKS FOR REPLY. I HAVE ALSO CAPITLIZED INTIAL AMOUNT ONLY, RECURRING AMOUNT IS EXPENSES.
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