The following information has been prepared to provide guidance for tracking project activity and making the determination about which costs should be “capitalized” or “expensed”. Reference the ...

Accountants usually classify computer software as a long-term asset that falls under fixed assets like buildings and land.

When Is a Software Purchase Capitalized? Software purchases become a capitalized item when the purchase price is more than $100,000, internally generated or a licensed agreement. The capitalization ...