Do patents count as intangible assets?

Patents are accounted for through intangible assets.

When purchasing a patent, the accounting treatment is:

Borrow: intangible assets-patents,

Taxes payable-VAT payable (input tax),

Loan: bank deposits and other subjects.

The accounting treatment of patent amortization is,

Borrow: management fees and other subjects,

Loan: accumulated amortization-patent.