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Old 1st February 2008   #7 (permalink)
othellotech's Avatar
Join Date: Mar 2002
Location: London, United Kingdom
Age: 38
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Quote:
Originally Posted by TDMWeb View Post
Software purchase is grey: can be treated as capital.
Accountancy guidelines for companies subject to audit, are that software is not an asset and should not be treated as such, due to licencing terms and restrictions - so it's an expense for a PLC
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