{"id":10173,"date":"2025-05-09T13:24:34","date_gmt":"2025-05-09T17:24:34","guid":{"rendered":"https:\/\/www.bu.edu\/cfo\/?page_id=10173"},"modified":"2025-05-09T13:24:34","modified_gmt":"2025-05-09T17:24:34","slug":"software-databases","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/cfo\/controller\/property\/software-databases\/","title":{"rendered":"Software &#038; Databases"},"content":{"rendered":"<p>Computer software developed or obtained for internal use can be capitalized if the cost of the license is $<span style=\"color: #000000;\"><strong>500,000<\/strong><\/span> or more and the software license has a useful life of greater than one year. Software is considered to be developed or obtained for internal use if both of the following tests are met:<\/p>\n<ul>\n<li>The software is purchased, internally developed, or modified solely to meet the University\u2019s internal needs;<\/li>\n<li>During the software\u2019s development or modification, no substantive plan exists or is being developed to market the software externally.<\/li>\n<\/ul>\n<p>Software purchases less than $500,000 can only be charged as capital equipment when the cost is bundled as a part of the original purchase of equipment that meets the capitalization criteria and the software is a necessary component for the equipment to function. If the software is itemized as a separate cost or is not an essential element of the capitalized equipment, it must be charged to <span style=\"color: #993300;\"><strong><span style=\"color: #000000;\">G\/L<\/span> <span style=\"color: #000000;\">account 516200<\/span><\/strong><\/span> (Software License).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Computer software developed or obtained for internal use can be capitalized if the cost of the license is $500,000 or more and the software license has a useful life of greater than one year. Software is considered to be developed or obtained for internal use if both of the following tests are met: The software [&hellip;]<\/p>\n","protected":false},"author":21052,"featured_media":0,"parent":8652,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-templates\/no-sidebars.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/pages\/10173"}],"collection":[{"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/users\/21052"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/comments?post=10173"}],"version-history":[{"count":4,"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/pages\/10173\/revisions"}],"predecessor-version":[{"id":12326,"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/pages\/10173\/revisions\/12326"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/pages\/8652"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/cfo\/wp-json\/wp\/v2\/media?parent=10173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}