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If a software is being purchased which can be used at its
own for the purpose of implementation of computerisation of
various customer accounting system. then what will be the
treatment for the same in accounts ??? whether it will be
considered as intangible assets or inventory?

Question Posted / sunita agrawal


If a software is being purchased which can be used at its own for the purpose of implementation of ..

Answer / kavitha

it will consider as tangible assets and we can claim
depreciation at the same rate which we use for computers

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