Suppose we purchase any Software for company.
So Is it Assets or Expenses for company??
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Software Assets or Expenses
Replies (3)
Quick Summary
Software is a intangible assets of a company, if amount is material for Company and have a useful life more than 1 year, you can Capitalised that and can claim depreciation.
if amount is not material, than you can expensesd out....
if amount is not material, than you can expensesd out....
It depends upon what kind of software it is , if it is a low cost accounting software, better to expense it off.
All other heavy duty softwares needs to be capitalised as intangible asset in books of accounts
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