Can a website homepage "design" be booked as an asset?
I run a small office, but am not familiar with how to handle. +90% of company sales are generated online. Periodically, a new homepage is incorporated into the website. It may be a new design, a redesign (modified original), or for short terms a "holiday" design. The company purchases, and then owns the design. The design has both a cost and a value to the company. Redesigns are nearly the price of a new design, and holiday designs may be used more than once, and have a one-time fee.
(1) Can a website design be booked as an asset? Redesigns?
(2) Is it an intangible asset, and what is a reasonable asset life?
Not really unless it was something original like iTunes. The fact that it is your sales portal doesn’t make it any more valuable than a sales brochure.
November 10th, 2009 at 5:03 pm
Not really unless it was something original like iTunes. The fact that it is your sales portal doesn’t make it any more valuable than a sales brochure.
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YEARS as a successful entrepreneur and my last venture was sold to a Nasdaq firm.