Let’s talk about intangible assets first. The so-called intangible assets, as the name suggests, are assets that are different from tangible assets such as factories and equipment.
The essence is assets and their characteristics are intangible. Intangible means that it has no physical form, but since it is also an asset, it must be identifiable and valuable. Intangible assets in a broad sense include monetary funds, accounts receivable, financial assets, long-term equity investments, patent rights, trademark rights, etc., because They have no physical substance but appear as some kind of legal right or technology. We usually understand intangible assets in a narrow sense, which only refers to patent rights, trademark rights, copyrights, etc., such as Coca-Cola's trademark.
The measurement of intangible assets is divided into two stages: initial measurement and subsequent measurement. Initial measurement is based on development costs. Your company's patents are developed by themselves. Cost measurement must be carried out first. "The cost includes the total expenditure incurred from meeting the recognition conditions of intangible assets to before reaching the intended use, but for the previous Expenditures that have been expensed during the period will no longer be adjusted." This sentence is a bit confusing. One of the key words is "meeting the conditions for recognition of intangible assets."
There are two conditions, one of which is related to The benefits related to the intangible assets can flow into the enterprise, and secondly, the cost of the intangible assets can be measured reliably. As for the question you asked, the first condition is met. It mainly involves the cost issue, that is, no capital expenditures were spent on research and development. According to relevant regulations, the cost of intangible assets that are independently developed and acquired according to legal procedures is The actual cost of the intangible assets shall be the registration fees, lawyer fees and other expenses incurred when the assets are acquired in accordance with the law. Material costs incurred during the development process, wages and welfare fees of personnel directly involved in the development process, rents, borrowing costs, etc. incurred during the development process are directly included in the current profit and loss. The research and development expenses that have been included in the expenses of each period shall not be capitalized when the intangible asset is successfully applied for and the rights are obtained in accordance with the law.
As for the question you asked, of course you need to find an appraisal. You only need to find a qualified asset appraisal company to do an appraisal and issue an appraisal report. At the same time, the agency fees and official fees for the patent application will be paid. , can all be included in the cost, these should come in time, right? As for the previous research and development expenses, because there was no patent novelty search and evaluation during the research and development, there should be no way to include those expenses into the cost.
In short, the determinable expenses should be calculated as soon as possible and included in the cost. I personally think that in your case it is not that it cannot be determined as an intangible asset, but that the cost of the intangible asset may be lower than the actual cost. A lot, which will have a negative impact on the company.
If you insist on making intangible assets, it is certainly feasible.
If you want to do some technical operations, you can consult an accounting firm, and they should be able to solve it.