software and accounting programme

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October 5, 2017 at 6:01 pm #409575
abuelsadig
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Hi, Mike
may I ask about software , accounting programmes and websites in a companies , is classified under tangible asset or intangible asset ?
Thank you in advance
October 5, 2017 at 8:01 pm #409588
MikeLittle
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If we’ve bought the right to use it, that would be an intangible asset

If we’re developing it, that too would be an intangible asset (so long as it satisfies all the criteria necessary for the capitalisation of development costs)

OK?
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