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If my company makes an up front payment for 3 years of access to cloud software, but has no rights to move the software to anyone but the provider's server and we are not allowed to make changes to the underlying code that is the base software, but we can develop enhanced functionality on top of the software, I think we have capitalizeable access rights, but we do not own a software asset, per se.  If we don't control the underlying asset, does that mean that any enhancements we make to it must be expensed?
in General IFRS Discussion by

1 Answer

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This may help:
http://www.ifrsanswer.com/1466/capitalize-cloud-software-setup-fees-under-ifrs-accounting
by Level 5 Member (25.1k points)


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