Software Depreciation Life at Life

Software Depreciation Life. 1.4.2003 granting 60% depreciation on computer software that even the legislature considers the life of computer software as about two years by providing the higher rate of depreciation @ 60% thereon so as to enable assessee to write off the same to the extent of 84% even when treated as Depreciation can be used for a wide variety of intangible assets, this includes:

1.4.2003 granting 60% depreciation on computer software that even the legislature considers the life of computer software as about two years by providing the higher rate of depreciation @ 60% thereon so as to enable assessee to write off the same to the extent of 84% even when treated as (b) after retaining the residual value, shall be recognised in the opening balance of retained earnings where the remaining useful life of an asset is nil. The depreciation treatment is discussed in more detail below (from [35]).

Drake Software Company and Product Info from CPA Practice

Business owners can claim software depreciation on the computer software they use for their operations. Whether software is depreciated or amortized depends on whether the software was purchased for use or developed for sale. If we apply the equation for straight line depreciation, we would subtract the salvage value from the cost and then divide by the useful life. Software depreciation works in a very different way compared to.