Accounting entries for purchasing patent rights

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 amortization of intangible assets costs every month:

Debit: management expenses-amortization of intangible assets

Loan: accumulated amortization