Expense Or capitalise
This query is : Resolved
Quick Summary
30 June 2021
We have purchases tally software. It is to be capitalised Or exp. Pls reason to be specified.
CMA Poornima Madhava
(Expert)
30 June 2021
To capitalize initial purchase and to expense yearly subscription.
30 June 2021
What will be the useful life. And it is capitalise under head computer in fixed asset.?
01 July 2021
Useful life of 3-5 years as per AS-26 Intangible assets. Software will be classified as intangible assets
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