syl1029
Mar 23, 2009, 05:01 AM
Hi,
I just want to clarify the statement in IAS38 "amortization shall begin when the asset is available for use."
For computer application software that still needs customization and testing prior to implementation, is it appropriate to start amortization immediately upon booking even if the system is still for testing?
Please advise.
Thank you.
I just want to clarify the statement in IAS38 "amortization shall begin when the asset is available for use."
For computer application software that still needs customization and testing prior to implementation, is it appropriate to start amortization immediately upon booking even if the system is still for testing?
Please advise.
Thank you.





