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,
2 Replies
Dinesh Singh
(Student)
(340 Points)
Replied 17 September 2017
You have apply AS-19 for this transaction
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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