Glossary · Accounting

What is Software (as an intangible asset)?

A computer program and a database. If the program is not an integral part of a fixed asset and the exclusive right to it belongs to the company, it is an intangible asset; if it is an inseparable part of a fixed asset, it is accounted for together with that asset (NAS No. 7, paragraph 11). It is accounted for in account 0430.

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