Is Software renewal charges will be an asset or expenses?
This query is : Resolved
27 February 2009
Hai,,
Is software will be under an asset or expenses? and the software renewal charges will be an asset or expenses..
Is software will be under an asset or expenses? and the software renewal charges will be an asset or expenses..
27 February 2009
Software renewal charges will be an expenses. If you are paying for 3 or 4 years together then you have to treat it as prepaid expenses and apportion every year.
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