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whether you purchased off the shelf software included within the website purchase price, if you did, it would be amortizable over 3 years. Also, if you ever abandon a website, there would be a way to remedy the need to accelerate the deduction. But, in your case, you'll probably just need to amortize it over 15 years. Just be aware there may be exceptions out there. The tax code has always been in strife with itself.
This allows us to clearly see where expenses are changing and can assist in analysis. To find out what we amortize each month, first we need to find out the total expense over the life of the contract: $3,000 x 10 months = $30,000. So each month we will want to expense $2,500 for rent ($30,000/12 months). The difference between this expense and our actual cash payment is amortization. The journals are as follows: