Are the softwares devoloped by software companies intangible assets? or inventory?
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IAS 38 VS IAS 2
6y ago#1Hi,
The development is under IAS 38. If it then sold it forms part of inventory, so it depends on its usage in the company, similar to say a car. If we use the car it is PPE, if it is bought for resale then it is inventory.
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