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    Barry Culman's Avatar
    Barry Culman Posts: 1, Reputation: 1
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    #1

    Apr 11, 2014, 10:50 AM
    Amortization of software
    Our accounting software was out of maintenance and needed to be upgraded. We spent $10,000 with a third party to upgrade the system. This was all service hours on their part. Can we amortize the $10k over the useful life of the software
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Apr 13, 2014, 12:17 AM
    yes but what is the usefull life of the software? prudence would suggest that these expenses should be written off quickly as software, particularly old software, has a limited life due to obsolence of both the software and the computer operating systems
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