Hi, I need to clarify something.
I am aware of general principles regarding accounting treatment of software. In theory purchasing Windows operating system which is likely to last over 2 years and enables PC to run should be capitalised. However, can't companies set limits and choose to expense costs below certain value? If the software costed less than £100, could it be written off to P/L ?
It simply seems not worth to capitalise it. Can someone please advise?