Thanks for all the responses, I was the original poster. I found this website:
http://www.businessweek.com/stories/2006-01-11/when-is-your-web-site-deductible
Where it says:
Since a Web site is continuously being tweaked, changed, and updated, a 15-year life seems out of line," says Donald Lucove, a CPA with Lucove, Say & Co. in Calabasas, Calif. "These expenditures would likely fall into the classification of software and be considered a three-year depreciable item."
Which in a way makes sense, most websites do not last for 15 years, they probably just last for a few years.
The only difference in this example is that they are talking about creating and developing a website from scratch, where as I buy them. Also, I have not been able to locate the actual ISP paper.
What do you guys think?
