10-22-2009, 04:05 PM
@ wsafca
the sol provided by hmmm is correct, if the professional charges are of non-recurring nature (occurring once only with the enhancement and up-gradation of the intangible) it should be capitalized alongwith the up-gradation charges if it actually enhances its capacity, features and/or useful life with the cost of intangible and amortized over its remaining/revised useful life of intangible or 10 years which ever is less.
regards.
the sol provided by hmmm is correct, if the professional charges are of non-recurring nature (occurring once only with the enhancement and up-gradation of the intangible) it should be capitalized alongwith the up-gradation charges if it actually enhances its capacity, features and/or useful life with the cost of intangible and amortized over its remaining/revised useful life of intangible or 10 years which ever is less.
regards.
