Is Computer software a fixed asset?
Yes. Basically a fixed asset is an asset that is tangible and that you will use in your business for more than one year. It doesn’t include stuff that was purchased to re-sell (inventory) nor things that you’re using as an investment. There’s some technicalities to it, but for the most part something tangible that you’ll use for over a year (computer stuff, equipment, buildings, cars, etc) are fixed assets.
