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Whether software is Fixed Asset or Intangible Asset?

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تم إضافة السؤال من قبل Muhammed Hasim , Admin- cum Accountant , Volga Fashion Street & Distributors
تاريخ النشر: 2014/04/19
Sriviraj Sreedharan
من قبل Sriviraj Sreedharan , Finance Executive , Al Aqsur Properties and Management

"Software" comes under Intangible Asset. Example "Tally ERP" is a Software.

Fixed assets are physical items that will not be sold at any point in the business. These assets include machineryequipment, vehicles or land, and they are needed to run the business continually. Intangible assets are nonphysical, such as patents, trademarks, franchises, goodwill and copyrights.

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