Depreciation rate on Computer Software
This query is : Resolved
20 July 2010
what is the rate of depreciation for computer software as per companies act?
Aditya Maheshwari
(Expert)
20 July 2010
For the purpose of Companies act computer software will form part of intangible asset and will be amortised with reference to AS - 26 on intangible assets and should be written off over a period of 5 years.
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