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If a software project fails can we claim depreciation, like after a car crash?
by ncruces 1y ago
If a software project fails can we claim depreciation, like after a car crash?
- tossandthrow 1y agoWell, until now you automatically had depreciation. In the future you will still get it automatically, just deferred.
- ncruces 1y agoYou have the same, automatic deferral, with cars. But if you're in a crash, and it's a total loss, you can depreciate faster, which is helpful because you might need to buy a new one. So, since they're assets, can we write off software projects that fail?