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Intangible Assets


Aj Style (Student)     28 October 2019

Aj Style
Student 
 10 likes  188 points

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1.can we considered website and Android app as an intangible assets of the company if company is using same for doing business?
2. expenses incurred for maintenance of these website and app update will be treated as capital expenditure or revenues expenditures?

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Kumar Sushank (Asst. Manager - Accounts & Taxation)     28 October 2019

Kumar Sushank
Asst. Manager - Accounts & Taxation 
 52 likes  723 points

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1. It would be treated as Intangible asset.

2. Maintenance of Website would be considered as revenue expenditure.

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RAJA P M ("Do the Right Thing...!!!")     28 October 2019

RAJA P M
"Do the Right Thing...!!!" 
 7576 likes  102966 points

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Yes... I Fully agreed to Mr Kumar Sushank's reply...

1. Intangible Assets.
2. Revenue Expenditures...


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