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USEFUL LIFE OF COMPUTER SOFTWARE

RAVI SONI

One of my client has installed SAP software worth ₹ 500000/-, in this regard I want to know as per Companies Act 2013 what will be the useful life of SAP software.

Kindly advice.

Companies Act, 2013 does not specify useful life for SAP software valued at 500,000. Inquiry remains unanswered. A user inquired about the useful life of SAP software valued at 500,000 under the Companies Act, 2013. The response indicated that the Companies Act, 2013 does not specifically address the useful life of software like SAP. (AI Summary)
Corporate Laws / SEBI / LLP
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DR.MARIAPPAN GOVINDARAJAN on Jan 11, 2016

In my views the Companies Act, 2013 has not dealt with such cases.

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