U.S. Depreciating computer software

Computer software shows on the balance sheet as Buildings and other depreciable assets line, not the Intangible assets line.
Report computer software on Form 4562 when amortized under Amortization Section 167, Page 1 and not on Page 2 in the Amortization Section. Therefore, computer software may be eligible for bonus and Section 179 depreciation.
For more information on computer software depreciation and amortization, see Publication 946 and Form 4562 Instructions.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close