hello sirs....
One of our client has converted all its computer system from DOS base ot WINDOW base. I want to know whether this expenditure should be capitalise or it should be charged to revenue....???
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Upgradation of software
Replies (1)
AS PER AS 26 COST OF ACQUIRED SOFTWARE FOR INTERNAL USE SHOULD BE RECOGNIZED IF IT SATISFY THE ASSET RECOGNITION CRITERIA.
1. Charteristics of an asset
2. future economic benefit
3. cost can be measured reliably...
so it think all these conditions are satisfied....
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