I internally created data in my company. Can I amortize it as an intangible asset? And if yes, how do I calculate the cost basis for the data?
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I internally created data in my company. Can I amortize it as an intangible asset? And if yes, how do I calculate the cost basis for the data?

 
1 Reply
Highlighted
New Member

I internally created data in my company. Can I amortize it as an intangible asset? And if yes, how do I calculate the cost basis for the data?

No, you didn't "pay" if you did not pay for the asset (e.g. when pay loan closing costs) you have no costs so you don't have anything to amortize.

Privacy Settings