"Assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events." - FASB Concept Statement No. 6
An asset is something that will have value in future periods, and the data warehouse (if it is any good) certainly fits into that definition. Companies capitalize their enterprise resource planning (ERP) systems and the guys with the green eyeshades don't object. Why not do the same for the data warehouse? A number of us have long maintained that the data warehouse (DW) is a real asset that has significant value to an organization -- some of us even believe that the DW will make the difference between a company living and dying. Because the DW provides value in future periods, it represents an intangible asset that should be capitalized on a company's balance sheet along with the tangible assets of cash, accounts receivable, inventory plant and machinery.
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