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Capital expenses an expense associated with establishing, replacing, enlarging or improving your business. Examples include: computers and computer accessories mobile phones and tablets connectivity boosters cameras point of sale machines in-house software cost of acquiring or developing a website.
To be capitalized, software must meet the definition of an asset: it must be a resource controlled by the entity as a result of past events, and from which future economic benefits are expected to flow to the entity.
Computer Software. Computer software is the most widely owned type of intangible capital asset.
A computer programming bachelors degree can cost around $40,000 to nearly $250,000 depending on the school and learning format.
A sale of computer software will qualify for long-term capital gain treatment if the software is a capital asset and the transaction satisfies both the sale or exchange and holding period requirements of the Code.
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If your company sells canned (noncustom) software programs to customers who download them from a server, those sales are generally not subject to tax. However, if you also provide your customers with a backup copy on a flash drive, the entire transaction is taxable.
The median annual wage for computer programmers was $99,700 in May 2023.
Packages (sometimes called namespaces) are used to give a separate identity (name) to a group of classes. (Note: Packages are primarily used in Java and Actionscript.) For example, you are writing a fishing program and a finance program. Both programs use a Bank class but for entirely different reasons.

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