Answer to Question #62555 in Accounting for Asif

Question #62555
please explain "Software expenses are depreciated on annual basis and charged to Profit and Loss Account"
1
Expert's answer
2016-10-20T14:13:08-0400
Software is amortised on a straight-line basis in profit or loss over its estimated useful life, from the date on which it is available for use. Stable depreciation rate on an annual basis is 10%, according to the NACErev2 classification.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
APPROVED BY CLIENTS