Do patent rights belong to long-term assets?

Patents are not long-term assets. Patent right belongs to intangible assets. Intangible assets refer to assets that have been used by enterprises for a long time without physical form, including patents, trademarks, copyrights, land use rights, non-patented technologies and honors. Intangible assets are a special commodity with value and use value, which can be transferred in the market with compensation, and will bring huge potential profits to enterprises over time.