Is patent right an intangible asset?
Patented technology is an intangible asset. The new standards clarify what cannot be included in intangible assets (goodwill created by an enterprise and internally generated brands, newspaper names, etc. should not be recognized as intangible assets), and patents are not included. Intangible assets include social intangible assets and natural intangible assets. Social intangible assets usually include patents, non-patented technologies, trademark rights, copyrights, franchises, land use rights, etc.; natural intangible assets include natural gas and other natural resources that do not have physical physical forms. .
Intangible asset accounting
Under the conditions of knowledge economy, intangible asset accounting should be based on different types of intangible assets. Assets are treated differently.
1. Capitalization of research and development expenses.
There are three main ways to obtain corporate intangible assets: outsourcing, self-creation, and accepting investment from other units. It is easier to confirm the value of outsourced and invested intangible assets. For the accounting of self-created intangible assets, according to current regulations, only the registration fees and lawyer fees incurred when obtaining registration are included, while the expenses during the research and development process are recorded in Current profits and losses are expensed. The result of this kind of processing will be that the value of the company's self-created intangible assets cannot be fully reflected, and it will even lead to serious distortion in the cost measurement of knowledge products, which is very unfavorable for investors to use the provided information to make investment decisions. Therefore, enterprises should capitalize their research and development expenditures on self-created intangible assets as much as possible.
Since there is less certainty between research expenses and the production or use of new products or new processes and the benefits they bring to the enterprise, they should be recognized as expenses in the current period when the expenses are incurred. , directly recorded in the current profit and loss, and will not be recognized as an asset in future accounting periods. For research activities - preliminary intellectual achievements, expense treatment is adopted; for development projects, since they are directly converted into productivity, capitalization treatment should be adopted. For example, some software systems (such as computer software systems) that are invested together with the fixed asset hardware system can be considered to be combined with the fixed asset hardware system and accounted for in the "fixed assets" account.
2. Intangible assets with exact useful lives, such as patents, proprietary technologies, etc., are amortized using the sum-of-years’ digits method in the accelerated amortization method. For non-patented technologies that do not have an exact age, amortization is not required. In order to compensate for the value of this type of intangible assets, an "intangible asset information system" can be established to standardize the management of intangible assets and measure the value of intangible assets. Intangible assets with unlimited life, such as purchased goodwill, should not be amortized. Outsourced goodwill can play a role in many aspects, and it is difficult to distinguish the weight of its role in various aspects. For this type of intangible assets, regular evaluation methods should be used and the book value should be adjusted regularly.
The above is the relevant information about intangible assets compiled by the editor. If you have relevant patent rights and want to invest in them or sell them, you can choose to use intangible assets Find relevant companies to handle assets. If you are not sure whether it is legal or compliant, you can go to the Legal Savior website to find a lawyer for help. They will provide you with professional advice.
