> The core question is to what extend software constitutes an asset
Maybe we can finally deduct all that technical debt.
If a software project fails can we claim depreciation, like after a car crash?
Well, until now you automatically had depreciation.
In the future you will still get it automatically, just deferred.
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?