Can Website development Cost Capitalised

 

There are many costs associated to start and run a business and understand whether those costs should be capitalised or expensed can provide challenges. Start a business costs are expenses related to opening a new facility, introducing a new product or service, conducting business in a new territory, or initiating a new process in an existing facility. Accounting for website development costs can be trickier as more judgement is involved.

Website capitalised involves the recognition of internally developed website as fixed assets. Website is considered to be for internal use when it has been acquired or developed only for the internal needs of a business. Further there cannot be a possible plan to market the website outside of the company. A market feasibility study is not considered a reasonably possible marketing plan. However, a history of selling website that had initially been developed for internal use creates a reasonable assumption that the latest internal use product will also be marketed for sale.

Now-a-days every business wants to be on digital platform and the best way to go online is a website. And if you successfully want to run a business you have to be present online. So website is the most important thing of the business. It acts as an asset because it connects with the users and bring sell.

So in this digital era, website is the most important asset to bring sell.

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