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Ms license_capitalise or expense it

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2017 Hi

Our company has MS Office License ...Do i need to Capitalise it or Expense it
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Roney

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Roney (Expert)
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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