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throwaway9980 | 2 years ago
Software is a liability, not an asset. Treating the construction and maintenance of this horrible liability knows as “code” is a complete misunderstanding of what software actual is.
throwaway9980 | 2 years ago
Software is a liability, not an asset. Treating the construction and maintenance of this horrible liability knows as “code” is a complete misunderstanding of what software actual is.
fdsalkjfdlkj|2 years ago
The book value of the k8s work could be completely expensed as soon as it is replaced.
Also, your belief that "software is a liability" is irrelevant. What matters is that tax law calls software an asset (as does most everyone else, even ones who fundamentally understand it).
throwaway9980|2 years ago
This is true everywhere and always.
I agree with you, lots and lots of software definitely has the properties of an asset. There’s also plenty of software that’s hastily written, untested, and basically not fit for use beyond a short expiration date. More like a jug of milk with a shelf life than a fine grand piano with resale value.
jeremyjh|2 years ago
throwaway9980|2 years ago
Are people assets? Certainly not on the balance sheet I hope.
What about a contract? Is a contract an asset? I’m actually curious, not trying to be a smart ass.