Sir,
I have a software lease agreement for a period of 99 years.if i capitalise the said as asset, what would be the useful life should i taken for computing depreciation.
Regards,
Abdul Rahim E A (Accountant) (58 Points)
08 September 2017Sir,
I have a software lease agreement for a period of 99 years.if i capitalise the said as asset, what would be the useful life should i taken for computing depreciation.
Regards,
Dinesh Singh
(Student)
(340 Points)
Replied 17 September 2017
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 22 September 2017
you have to follow Ind As 38 - which deals with intangible assets. As per As-38, the you can follow either cost model or revaluetion model
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