Intangible assets refer to identifiable non-monetary assets owned or controlled by enterprises without physical form. It mainly includes patent right, non-patented technology, trademark right, copyright, franchise right, etc. Transferring the right to use intangible assets only transfers part of the right to use it to other units or individuals, and the transferor still retains the ownership of the intangible assets, so it still enjoys the right to use, the right to income and the right to dispose of it.
Intangible assets include the following:
1. Patents According to the provisions of China's patent law, patents can be divided into invention patents, utility model patents and design patents. From the date of application, the term of invention patent is 20 years, and the term of utility model and design patent is 10 year;
2. Non-patented technology Non-patented technology has no legal validity, only economic validity;
3. Trademark rights A trademark is a symbol used to identify specific goods and services, which represents a kind of reputation of an enterprise and thus has corresponding economic value. According to the provisions of China's Trademark Law, the validity period of a registered trademark is 10 years, which can be extended according to law.
4. Copyright, also known as copyright, refers to some special rights that the author enjoys according to law for the literary, scientific and artistic works he creates;
5. Land use right is the right of enterprises to develop, utilize and operate state-owned land within a certain period of time according to law;
6. Franchising, also called franchising, refers to the right of an enterprise to operate or sell a certain commodity in a certain area or the right of an enterprise to accept another enterprise to use its trademark, trade name and secret technology.
laws and regulations
Accounting Standards for Business Enterprises
Article 31? Intangible assets refer to assets that have been used by enterprises for a long time without physical form, including patents, non-patented technologies, trademarks, copyrights, land use rights and goodwill. The purchased intangible assets shall be accounted for according to the actual cost; Intangible assets acquired by accepting investment shall be accounted for according to the price confirmed by evaluation or agreed in the contract; Self-developed intangible assets shall be accounted for according to the actual expenses incurred in the development process.