3 ms·

That is not an argument for tax treatment of whether something is an asset

• twodave 3y ago
  I wasn’t trying to make that argument, but I were I would argue that software itself is more like a liability, or, at the most, a current asset[0]. Source code has no inherent value, and in fact the more you have the more expensive it is. [0] https://www.investopedia.com/terms/c/currentassets.asp https://www.investopedia.com/terms/c/currentassets.asp
  • jncfhnb 3y ago
    That interpretation is deeply removed from how accounting works, but even if it were a current asset it would still not be an expense
    • twodave 3y ago
      Yeah, I agree it doesn’t fit well in any of the usual accounting boxes. But I think that’s the point, right?
      • jncfhnb 3y ago
        Building tools or products is clearly an investment