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,
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Useful life of software
Replies (2)
You have apply AS-19 for this transaction
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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