Agreed - 15 years average life is very optimistic. It assumes no upgrades/development on the software.
5 years would be more accurate IMO, with other development work (upgrades/new modules) to be capitalised and amortised in a similar fashion.
I don't own this and haven't really looked into it, so I'll ask for someone else's input - what amortisation rate do other SaaS companies use?
P.S. That said, I probably have an overall negative view, given I develop software for a bank every day
Ann: Preliminary Final Report, page-3
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