Can you depreciate the cost of a website purchase in accounting practices?

Answer by  pattytyner (61)

Yes you can depreciate the cost of a website purchase. It's the method of account for the asset over a given period of its useful life.

Answer by  namename (43)

There is no formal tax guidance regarding depreciating the costs of a website. However, some businesses depreciate websites over 3 years, just like other software.

Answer by  himo (15)

like depreciating any capital asset, the cost of a website can be divided by the useful period, or it can be depreciated through the double declining method, where the asset (website) will lose a percentage of its original value every time period, say forty or thirty percent of its cost

Answer by  BestSuit (62)

You could, but it would not be considered GAAP. The value of a website or domain does not actually go down.