Prior period exp written back to create intangible asset

Snoopy (Proprietor) (36 Points)

11 June 2014  

Salary paid  to software professionals for in-house software development  over last 3 years fully expenditurised, as there was no tangible asset against the same.

In the current year, when the software is fully operational, can that be written back, to create an intangible asset (Software), which is to be depreciated over a period of 10 years?