SAP s/w cost

Hai all!

Help me out in this issue.

Should the SAP s/w cost be classified as Intangible asset (ITA)as per AS 26?

If yes, will the cost of the server form part of the cost of the ITA?

Please come out with your views......

Replies (5)

yes u r right shweta.. intangible assets

thanks Harpreet...

can u tell whether server cost shd be taken in cost?

 

 

 

 

An intangible asset is an identifiable non-monetary asset, without

physical substance, held for use in the production or supply of goods or

services, for rental to others, or for administrative purposes.

An asset is a resource:

(a) controlled by an enterprise as a result of past events; and

(b) from which future economic benefits are expected to flow to

the enterprise.

Hence the SAP software is identifiable,non monetary asset  adn from this the future benefits are expected to flow to the enterprise..Hence this is a Intangible Asset.

the server is bought only for the purpose of SAP implementation....it is directly related to the SAP.

so can it be taken as part of ITA -SAPcost?

Originally posted by : Harpreet

yes u r right shweta.. intangible assets

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details