Why are intangible assets such as patented technology not reflected in the balance sheet?

These patented technologies are not estimated to be purchased, but are secretly developed by the enterprise itself. R&D expenses are estimated to have been charged as expenses in the current period, and there is no need to amortize intangible assets.

In addition, for the sake of confidentiality, it does not reflect the patented technology of the enterprise. After all, many people have access to financial information.

One more thing, the value of patented technology is not easy to confirm, and it cannot be recorded without special evaluation.