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That is not an argument for tax treatment of whether something is an asset

twodave
I wasn’t trying to make that argument, but I were I would argue that software itself is more like a liability, or, at the most, a current asset[0]. Source code has no inherent value, and in fact the more you have the more expensive it is.

[0] https://www.investopedia.com/terms/c/currentassets.asp

jncfhnb OP
That interpretation is deeply removed from how accounting works, but even if it were a current asset it would still not be an expense
twodave
Yeah, I agree it doesn’t fit well in any of the usual accounting boxes. But I think that’s the point, right?
jncfhnb OP
Building tools or products is clearly an investment

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