ncruces 8 days ago

If a software project fails can we claim depreciation, like after a car crash?

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  • tossandthrow 7 days ago

    Well, until now you automatically had depreciation.

    In the future you will still get it automatically, just deferred.

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    • ncruces 7 days ago

      You have the same, automatic deferral, with cars.

      But if you're in a crash, and it's a total loss, you can depreciate faster, which is helpful because you might need to buy a new one.

      So, since they're assets, can we write off software projects that fail?

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