CTHRepealedLegislation
Financial Management and Accountability (Financial Statements 2001-2002) Orders
13Software
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13 Software
13.1 Internally developed and externally acquired computer software for internal use must initially be recognised and, where applicable, capitalised at the cost of development or acquisition.
13.2 After initial recognition internally developed software should be carried at its cost less any accumulated amortisation and any accumulated impairment losses. The capitalised costs (or revalued amounts) of development or acquisition must be amortised over the useful life of the software.