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Intangible Assets


Aj Style (Student)     28 October 2019

Aj Style
Student 
 10 likes  193 points

| My Other Post

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?

1 Like
avater

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

Kumar Sushank
Asst. Manager - Accounts & Taxation 
 72 likes  992 points

View Profile | My Other Post

1. It would be treated as Intangible asset.

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

avater

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

RAJA P M
"Do the Right Thing...!!!" 
 8320 likes  113778 points

View Profile | My Other Post

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

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


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