Sir, If an I.T. Firm purchase a new web software and mobile app from some other I.T. software vendor then the cost of purchase is a fixed asset or a revenue expenditure for purchaser in their books of account. If it is fixed asset then what is the rate of depreciation?
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Treatment of purchase of a web software and mobile app in account books
Replies (2)
Software a part of Fixed Assets i.e. Capital Expenditure and Rate of Depreciation is 40%.
Sir I am purchase tally prime software from tally vendors it is fixed assets or software expenses ??
tell me sir
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