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| Under which main head, the computer software will be shown in the company's balance sheet? |
Non-current liabilities Non-current asset Current liabilities Current asset |
| Non-current asset |
| Computer software is considered an intangible non-current asset classified alongside other fixed assets like property, plant, and equipment. Even though it is not tangible or physically present, it is considered an important non-current asset because it derives utility for a fairly long time span, mostly for more than 12 months. In the same manner, this is a high cost that the company incurs, and therefore, it makes sense for organizations to capitalize on this particular cost. |
