Whether to capitalise ?
This query is : Resolved
arun laxman gaikwad
(Querist)
10 August 2015
Dear Sir
We have purchased for our Company Tally ErP software amounting to Rs.36000/-
( net 34286 + vat 1714).
Whether to capitalize ? and if yes under which fixed asset account.
Also clear this is tangible or intangible asset ?
Pl guide at the earliest.
Arun
We have purchased for our Company Tally ErP software amounting to Rs.36000/-
( net 34286 + vat 1714).
Whether to capitalize ? and if yes under which fixed asset account.
Also clear this is tangible or intangible asset ?
Pl guide at the earliest.
Arun
CA R SEETHARAMAN
(Expert)
10 August 2015
This is intangible asset capitalize and charge depreciation over a period of 5 years.
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