Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is considered expendable EDP software and what accounts/object codes should be used to record them?

April 26, 2017accounts edp expendable object record Software Used

0

Posted

What is considered expendable EDP software and what accounts/object codes should be used to record them?

1 Answer

0

Posted

Expendable EDP software are individual software purchases under $5,000 for WAN software (account/object 52822), personal computer software purchases (account/object 52823), server software purchases (account/object 52824), mainframe software purchases (account/object 52825), external developed software (account/object 52826) and other computer software (account/object 52821). If individual expenditures for these items are $5,000 or more they are recorded similarly to account/object 552XX (note the last two numbers are the same as above for under $5,000).