AccountingBLOCK

longster4 · 03-26-2008, 10:55 PM

Does GAAP allow you to capitalize and amortize costs incurred for paying professionals to development/design a company's website? If so, what would be the years for amortization?

ZaddY · 03-26-2008, 10:58 PM

This is the kind of question I like... I buy and sell websites all the time and manage quite a few besides AccountingBLOCK.com

The cost incurred for constructing a website shall be capitalized. You may refer to IAS38-"Intangible assets including R&D and software". However, the useful life is based on future economic life.

I will look more in to this in coming weeks and report back to you...

03-26-2008, 10:55 PM	#1 (permalink)
longster4 Status: n00b Join Date: Mar 2008 Posts: 10 Credits: 211	Accounting for costs related to website Does GAAP allow you to capitalize and amortize costs incurred for paying professionals to development/design a company's website? If so, what would be the years for amortization? __________________ Longster - NoNo

03-26-2008, 10:58 PM	#2 (permalink)
ZaddY Status: Owner/Administrator Join Date: Mar 2008 Location: Bay Area, CA Posts: 121 Credits: 3,606	This is the kind of question I like... I buy and sell websites all the time and manage quite a few besides AccountingBLOCK.com The cost incurred for constructing a website shall be capitalized. You may refer to IAS38-"Intangible assets including R&D and software". However, the useful life is based on future economic life. I will look more in to this in coming weeks and report back to you... __________________ Owner Zindah, Inc. A.A Accounting B.S Accounting

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