Hi All,

Anyone got any insights on the appropriate amortisation period for a website? I have company auditors telling me that it is a minimum of 10 years with annual impairment reviews. I agree with the impairment reviews but think that given the rapid changes in technology, the useful life should be no more than 5 years. It's an intangible asset and the accounting treatment falls under IAS38 which gives no specific guidance on websites but there is a SIC - SIC32 - which deals with internally developed websites and that recommends that the useful life should be as short as possible. I can't think why there would be a different accounting treatment for internally and externally developed websites.

Any thoughts welcome.

Thanks,

Moriarty