While some of these complaints reflect real declines in brain function in our middle years, the deficiencies of a middle-aged brain have likely been overstated by anecdotal evidence and even by some scientific studies.
The capitalized software cost may be amortized over 36 months, beginning with the month the software is placed in service. Additionally, the separately stated cost of software may also be eligible for 50% bonus first-year depreciation if acquired before 2013.
Until the IRS issues regulations on ERP software, taxpayers have relied on a 2002 IRS letter ruling, providing that: 1  The cost of purchased ERP software is amortized ratably over 36 months under Code Sec. 167(f); 2  Training and related costs under a consulting contract are deductible as current expenses;