08-27-2004, 05:00 PM
requires an enterprise to recognise an intangible asset, whether purchased or self-created (at cost) if, and only if [
1. it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise; and
2. the cost of the asset can be measured reliably.
So at the time of deveoping web site thes two conditions can be estimated very easily as sales growth can be forecasted in advance and ofcourse if u outsource ur web site development then u will negiotate the contract with a software house and defintely u will be able to assess the cost of the software in advance.
1. it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise; and
2. the cost of the asset can be measured reliably.
So at the time of deveoping web site thes two conditions can be estimated very easily as sales growth can be forecasted in advance and ofcourse if u outsource ur web site development then u will negiotate the contract with a software house and defintely u will be able to assess the cost of the software in advance.
