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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Thu Jul 08, 2004 8:03 pm Post subject: Software |
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| Where do I put software that is usedin the company? |
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Guest
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| Posted: Fri Jul 09, 2004 3:38 pm Post subject: RE: Software |
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It depends upon the price. If the software cost over $500 and is used exclusively for the company and qualifies as a fixed asset, it should be shown as such with a three year depreciable life.
If it's less that $500, it should be considered office supplies. |
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