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While analyzing Balance Sheet, Software related CAPEX is classified as ?

<ol><li><strong>Fixed Assets</strong></li> <li><strong>Current Assets</strong></li> <li><strong>Intangible Assets</strong></li> <li><strong>Non Current Assets</strong></li> </ol>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/20
Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

answer is option #3- Intangible Assets

Jawad Qureshi
by Jawad Qureshi , Financial Consultant , AFAZA FZ LLC/Midas Safety Dubai

computer sofware is recognised as an intangible asset.

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

Thanks for your invitation..Answer is3.intangible asset

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer is number3 

Ali Haider
by Ali Haider , Exactive Manager , www.HaiderSolutions360.com

Sure it should be considered as intangible assets.

Santhosh Kumar Gopinath
by Santhosh Kumar Gopinath , Finance Manager , Arab Financial Services Company B.S.C (c), (Subsidiary of Arab Banking Corporation, Bahrain)

Software is considered as an intangible asset.

Mustafa Mustafa
by Mustafa Mustafa , Asst Accounts Manager - Overseas , Pure Gold Group (Pure Gold Jewellers LLC)

Intangible Assets coz Intangible assets and Liabilities are not part of balance sheet coz it may or may not occur in future

Qasim ali
by Qasim ali , quality supervisor , Masood textile mill

Ihope it should be considered as intangible assets.

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