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Capitalisation of Computer software/website development

Cost Accounts 3587 views 7 replies
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Article
36 Points Posted on 07 September 2007
Is cost of  website development and computer software to be capitalised for non IT company
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On 07 September 2007 at 15:51 Report
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Article (Final Result waited)
391 Points Posted on 07 September 2007
as per my viwes it should not be capitalised
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On 07 September 2007 at 16:37
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Guest
459980 Points Posted on 08 September 2007
Plz provide me brief reason why it should not be capitalized
368 Reply
On 08 September 2007 at 15:55
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ca student
112 Points Posted on 08 September 2007
Yes, It should be capitalised.
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On 08 September 2007 at 16:59
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Finance Manager-India
251 Points Posted on 19 September 2007
This need to be treated as revenue expenditure as recurring exp to keep the web site develop on day to day basis.
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On 19 September 2007 at 16:24
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student
51 Points Posted on 20 September 2007
It should be capitalised IF following are fulfilled : 1. Future Economic Beneifit is there. 2. Cost is measurable. 3. Control over the asset. 4. Mgmt have intention to use it or sell it. 5. It activity is technically feasible. Hope all conditions are satisfied so u can capitalise.
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On 20 September 2007 at 07:29
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DGM-F & A
1734 Points Posted on 14 March 2008
This is in nature Rev.Exp.
2 Reply
On 14 March 2008 at 15:42
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Internal Auditer in MNC
47 Points Posted on 16 March 2008

If it is computer industries it is revenue exp. otherwise it should be capitalised.

 

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On 16 March 2008 at 17:16


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