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software purchase capitalize


Archit Melana (CA final)     17 January 2018

Archit Melana
CA final 
 1 likes  76 points

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Will software purchase along with computer capitalize or not??

avater

Rishad kk (Article)     17 January 2018

Rishad kk
Article 
 25 points

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Yes Capitalise

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CA Amrita Chattopadhyay (Financial consultant)     25 January 2018

CA Amrita Chattopadhyay
Financial consultant 
 434 likes  6997 points

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The software becomes the part of the computer without which the computer will not operate. Thus the software has to be capitalized

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Milind M. Kulkarni (Practicing CA)     24 February 2018

Milind M. Kulkarni
Practicing CA 
 40 likes  510 points

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Identify software purchased without which computer cannot run. You have to capitalise all these softwares along with computer. The company may have purchased certain other softwares which are useful for the business but not necessary to run computers. They are to be treated as softwares separate from computers. The company may capitalise them or charge to revenue depending on perceived usefulness in long term.

Archit Melana (CA final)     07 May 2018

Archit Melana
CA final 
 1 likes  76 points

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very descripttive... thanks everyone


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