This is very similar, it seems, to how software is modeled in the current IRS guidelines. The asset is not static, infinite-term one, but one that depreciates over time. The guidance points out that companies are expected to account for depreciation and can amortize their capital expenditure over 5 years. It's not a perfect model of every possible software org, but it seems in line with reality.

Thanks for your comprehensive comment! There's a lot for me to digest there, please allow me some time to read and comprehend it all! I may comment more later.