Accounting treatment of Computer Licence

Hi,

 

Can anyone advise how a licence should be treated. It is renewable after one year. It is for checking postcodes while sales calls are being made. Can this be depreciated.

Comments
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Eh?

ShirleyM |
ShirleyM's picture

its revenue not capital

carnmores |
carnmores's picture

How much is the renewal?

androo235 |

Is it an asset? (FRS 5)

jndavs |
jndavs's picture

Prepayment?

ShayaClearBooks |

Prepayment?

jndavs |
jndavs's picture

"It is for checking postcodes

ShayaClearBooks |

Prepayment?

jndavs |
jndavs's picture

@jndavs

neileg |

Defo

Glennzy |
Glennzy's picture

Are you forgetting?

David Gordon FCCA |

It's a prepayment

shoshana |

I agree with Malcolm (and others)

George Attazder |
George Attazder's picture

Economic benefit

jndavs |
jndavs's picture

my god this is generating a lot of heat

carnmores |
carnmores's picture

I'm sure the OP...

George Attazder |
George Attazder's picture

materiality@Carnmores. I think I said that. Didn't I?

androo235 |