CERTYNEX IFRS ACADEMY

Bramvelle is equipping its new head office. It buys 40 laptops delivered with their operating system. It also acquires, from another vendor, a licence for management software that it can install on any of its servers and transfer from one machine to another; the software is supplied on a simple USB stick. Which accounting treatment is appropriate?

Laptops and operating systems under IAS 16; the software, separable from the hardware, as an intangible asset under IAS 38.

Everything under IAS 16, because the software is supplied on a physical medium, a USB stick, and runs on servers that are property, plant and equipment.

Everything under IAS 38, including the laptops, because their value to Bramvelle lies mainly in the software they allow it to use.

The software and the operating systems under IAS 38, the laptops being recognised under IAS 16 without their operating system.