However, I am forced to deal with numerous accountants on a frequent basis.
My limited understanding is that you need to (or at least some types of organizations need to) expense the costs of any asset, software included, out over a period of years. This spreads the costs out across income from a longer time period, typically the expected life of the asset.
In my world we might shell out a few million of real cash for software in one year but then expense it over a period of 3 or 5 years against our income in those years.
But then I might be missing the whole point, because as I said, IANAA.
High quality paper is still the best data retention device we have. Seriously.
When you think about how much easier the digital age has made it to waste reams of paper, consider that we might all have to print all our data to lengthen its life. The digital age will be the death of more trees yet.
NSF has proposed building a new neutrino detector and National Underground Physics Laboratory in the soon to be closed Homestake gold mine at the 7400' level. In addition, other experiments not related to horta-research could be performed.
Slashdot Mirror
My limited understanding is that you need to (or at least some types of organizations need to) expense the costs of any asset, software included, out over a period of years. This spreads the costs out across income from a longer time period, typically the expected life of the asset.
In my world we might shell out a few million of real cash for software in one year but then expense it over a period of 3 or 5 years against our income in those years.
But then I might be missing the whole point, because as I said, IANAA.
If nothing else, maybe Microsoft could help Napster drag the whole thing out for a few years.
High quality paper is still the best data retention device we have. Seriously. When you think about how much easier the digital age has made it to waste reams of paper, consider that we might all have to print all our data to lengthen its life. The digital age will be the death of more trees yet.
newspaper description of project