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SAP s/w

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(Querist)
22 July 2010 SAP s/w cost should be classified as Intangible asset as per AS 26.

when taking the cost,should we include
server cost,server room cost also in it?

If yes, aren't classifying a tangible asset i.e server or room as Intangible asset?
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Venkat Rao Marella

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Venkat Rao Marella (Expert)
23 July 2010 They should be classified as office equipment/plant and machinery. They will not satisfy the Intangible asset definition.
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