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Old 02-08-2011, 03:30 PM
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Question Software Licenses

Are software licenses depreciable?



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Old 02-09-2011, 01:45 AM
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“Are software licenses depreciable?”----> The computer software license is an intangible asset. Intangible property that is not amortizable under the rules for section 197 intangibles can be depreciated; if the software is subject to a nonexclusive license.You generally must use the straight line method over its useful life. The depreciation period for computer software and generally is 36 months.You would start depreciation since the website is put into the business. However, computer software is usually amortized, not depreciated. Internally developed software may be deducted currently or amortized on straight line basis over 5 years (or shorter if you can show it is appropriate).



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