IB 510.08 - Internet Websites Effective Date:Applicable FAM Policies: 510 Tangible Capital AssetsApplicability: GNWT Departments and Public AgenciesINTERPRETATIONWebsite development costs are considered Intangible Assets. It is the policy of the GNWT not to capitalize intangible assets.Services procured through a web provider are operational expenses; no capital lease will result through the use of these assets. Book traversal links for Financial Administration Manual Previous IB 510.07 - Information Technology Systems Next 515 - Controllable Assets and Intangible Assets