I purchased $200 worth of stock market data from the Chicago Board Options Exchange two weeks before the start up of my LLC (a stock trading company). The data is several million rows of excel data and could be considered a database even though it does not posess a name like DB2, MySQL or Oracle. The data will be used for back testing different stock market trading strategies. My question is: What account do I put the $200 under? Is it Computer Software? It is not really software. It is data. Business Expense? Startup Expense? Professional fees? Fixed Asset? It is as"fixed" as the computer is, I will always have it, and it is actually resellable even though a buyer would be hard to find.
What would be the appropriate account for $200 worth (several million rows) of excel data?
Thank you for your help,
Steve
