Intangible assets developed by the company should be treated differently in the research stage and the development stage.
Generally, the expenditure in the research stage is expensed and included in the current profit and loss, while the expenditure in the development stage is necessary for the formation of intangible assets and should be capitalized and included in the cost.
Therefore, the accounting treatment of R&D patent right is:
Debit: R&D expenditure-expense expenditure
Loan: bank deposit or cash on hand, etc.
stage of development
Debit: R&D expenditure-capitalized expenditure
Loans: bank deposits
R&D successfully put into use:
Borrow: intangible assets-patented technology
Management cost
Loan: R&D expenditure-capitalized expenditure
-Expenses
How to determine the value of patent right and record it as intangible assets?
Article 67 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) stipulates that the amortization expenses of intangible assets calculated by the straight-line method are allowed to be deducted.
The amortization period of intangible assets shall not be less than 10 year.
Intangible assets invested or transferred can be amortized by stages according to the service life stipulated in relevant laws or contracts. When the enterprise is transferred or liquidated as a whole, the expenditure of purchased goodwill can be deducted.
What subjects does patented technology include?
A: Patented technology belongs to "intangible assets".
Intangible assets refer to identifiable non-monetary assets owned or controlled by enterprises without physical form. Intangible assets mainly include patents, non-patented technologies, trademarks, copyrights, land use rights and concessions.
According to the accounting system for enterprises, intangible assets can only be recognized by enterprises when they meet the following two conditions: the economic benefits generated by assets are likely to flow into enterprises; The cost of this asset can be measured reliably.
Intangible assets are usually measured according to the actual cost, that is, all expenses incurred in obtaining intangible assets and making them reach the predetermined usable state are regarded as the cost of intangible assets. The initial cost composition of intangible assets obtained from different sources is also different.
If amortization is not required, directly record management fees or intangible assets, otherwise record amortization of intangible assets. The entry is:
Borrow: intangible assets-patent fees
Loans: bank deposits
Intangible assets increased in the current month are amortized in the current month, while intangible assets decreased in the current month are not amortized in the current month. According to the new accounting standards, when the intangible assets are amortized monthly:
Debit: management expenses-amortization of intangible assets
Loan: accumulated amortization
How to calculate R&D related patents purchased by enterprises? In the above article, we introduced the accounting treatment of R&D expenses purchased by enterprises, and the related expenses of R&D projects purchased by enterprises can be treated according to their own R&D expenses. Please refer to our introduction above for specific items.