Ms license_capitalise or expense it
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2017
Hi
Our company has MS Office License ...Do i need to Capitalise it or Expense it
Our company has MS Office License ...Do i need to Capitalise it or Expense it
05 January 2017
It depends on, whether the amount is material and the licence period. If the licence period is less than 1 year or the amount is immaterial treat it as expense. If the amount is material and licence term is over 1 year treat it as an an intangible asset and amortise it over the licence period.
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