SAP s/w cost

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?