If a software project fails can we claim depreciation, like after a car crash?

tossandthrow · 2025-06-10T07:43:46 1749541426

Well, until now you automatically had depreciation.

In the future you will still get it automatically, just deferred.

ncruces · 2025-06-10T15:41:16 1749570076

You have the same, automatic deferral, with cars.

But if you're in a crash, and it's a total loss, you can depreciate faster, which is helpful because you might need to buy a new one.

So, since they're assets, can we write off software projects that fail?