What is the accounting subject for the net income from the disposal of intangible assets?
The net income from the disposal of intangible assets refers to the amount transferred to non-operating income after deducting the book balance and disposal expenses of the intangible assets, that is to say, it needs to be carried forward to the non-operating income account.
Included in non-operating income are: income from disposal of non-current assets, income from exchange of non-monetary assets, income from sale of intangible assets, income from debt restructuring, income from enterprise merger, income from surplus, accounts payable that cannot be paid due to creditors, government subsidies, additional return of education fees, fines, donations, etc.
Accounting entries for disposal of intangible assets
Debit: Bank deposit (according to the amount actually received)
Cumulative amortization (cumulative amortization by accrual)
Provision for impairment of intangible assets (according to the provision for impairment)
Non-operating expenses-disposal of loss of non-current assets (debit balance)
Loan: intangible assets (according to the book balance of intangible assets)
Taxes payable (selling price × business tax rate)
Non-operating income-income from disposal of non-current assets (by credit difference)
What do you mean by intangible assets?
Intangible assets refer to identifiable non-monetary assets that have no physical form and are owned or controlled by enterprises. Intangible assets can be divided into broad sense and narrow sense. Intangible assets in a broad sense include monetary funds, accounts receivable, financial assets, long-term equity investment, patent rights, trademark rights and so on. Because they have no material entity, they show some legal rights or technologies. But intangible assets are usually understood in a narrow sense in accounting, that is, patent rights and trademark rights are called intangible assets.