'X' company has purchased oracle software worth Rs.4.00 crore in 2019 for implementing ERP. However the same was not installed and couldn't put to use ERP as on March 2022. Whether depreciation/ amortization of software should charged from the date of delivery of software.
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Depreciation of intangible assets
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As per IND AS 38 ,Amortization of an Intangible Assets is depends upon Finite useful life or Indefinite useful life.
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