Is the cost to implement software an intangible asset
Hi, I understand that IAS38 classify computer software as intangible asset. All cost that make an asset to be use should be capitalised namely installation cost.
However, if the company putting all the installation cost, consultancy fee , training services (for software) as professional service under intangible asset. Is it all right? It included transportation cost of the software supplier as well. Provided the amount is very small, not more than 10k .
If it is a YES, then how about the date of capitalise? Should the software be capitalise and started to amortise after all these installation, consultancy and training has been done? All in the same date or can just capitalise it as the date of invoice/DO?
