what type of asset is computer software
A: In accounting terms, an intangible asset is something of value that is not of physical nature. On the other hand, property, plant and equipment (PPE) are just as the name suggests.PPE refers to physical long-term assets, such equipment that is vital to a company's operations and has a definite physical component.f the two preceding conditions are not met, then the software, whether purchased or created internally would be considered an intangible asset. The basic nature of the business and the stage of software development also play a significant role in the classification decision.