CERTYNEX IFRS ACADEMY

Transports Lemerle buy planning software on 1 February 20X1. Installation and configuration are completed on 1 March 20X1: the software is then available for the use intended by management. After user training, it is used from 1 May 20X1. From what date is the software amortised?

1 February 20X1, the date the software was purchased.

1 March 20X1, the availability date.

1 May 20X1, the date of its first actual use by the teams.

1 January 20X2, the first day of the following financial year.