USA Paying for Software after Depreciation


Joined
Jun 27, 2019
Messages
3
Reaction score
0
Country
Belarus
I am planning to sell the software to the C-Corp. The software is custom made, not off-the-shelf one, so it will be entirely depreciated within 3 years. Under the IP assignment agreement, the C-Corp must pay for the software in 1 payment within 5 years - after full depreciation. The C-Corp uses cash accounting method. So, do I get it right that the C-Corp: (1) may depreciate the software before it pays for it; and (2) will not pay any tax, which will relate to this transaction?
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top