treatment of software purchased
This query is : Resolved
14 May 2008
a courier company purchases software for its business operations. Should the software be capitalized or charged to revenue?...also can purchase of computer peripherals be considered as revenue expenditure?
14 May 2008
Dear Manoj,
You need to be a little more specific as this is a very sensitive area. It depends upon alot of things. If you could be more specific on the nature of the product amount paid, estimated time for usage of product.
You need to be a little more specific as this is a very sensitive area. It depends upon alot of things. If you could be more specific on the nature of the product amount paid, estimated time for usage of product.
14 May 2008
Dear amit,
I hope the following info will fetch me a good answer from u...
purpose of the software : to assist in mainstream business operations
cost of the software: more than 10 lakhs..
nature of the software: customized to the requirements of the company
life of the software: around 4 to 5 years..
I hope the following info will fetch me a good answer from u...
purpose of the software : to assist in mainstream business operations
cost of the software: more than 10 lakhs..
nature of the software: customized to the requirements of the company
life of the software: around 4 to 5 years..
14 May 2008
software cost will be inclded in coputer a/c & dep is chareged at the rate of 60% when you will update the same every year then it is revenue exp
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