tangible or intangible asset
This query is : Resolved
19 June 2016
is computer software which is acquired by a hospital and used by it's various departments for billing etc tangible asset or an intangible asset?
Murtaza I Bhagat
(Expert)
19 June 2016
As per AS 26 it will come under intangible assets.
https://www.mca.gov.in/Ministry/notification/pdf/AS_26.pdf
https://www.mca.gov.in/Ministry/notification/pdf/AS_26.pdf
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