Borrow: intangible assets-land use right
Loans: bank deposits
When recording amortization, make the following entries:
Debit: management expenses-amortization of intangible assets
Loan: accumulated amortization
Intangible assets refer to identifiable non-monetary assets owned or controlled by enterprises without physical form, including patent rights, non-patented technologies, trademark rights, copyrights, franchises and land use rights.
According to Article 3 of Accounting Standards for Business Enterprises No.6-Intangible Assets: "An asset meets the identifiability standard in the definition of intangible assets if it meets one of the following conditions:
(a) can be separated or separated from the enterprise, and can be used for sale, transfer, license, lease or exchange with multiple or related contracts, assets or liabilities.
(2) derived from contractual rights or other legal rights, regardless of whether these rights can be transferred or separated from the enterprise or other rights and obligations.
Prepare for the primary accounting exam. For more information about the primary accounting exam, please pay attention to Global Quick Ask Accounting Online.
Pay attention to the global online school and quickly ask how to calculate the merged intangible assets land.