Accounting entries of product patent right and company trademark right

1. If your company's product patent rights and company's trademark rights have incurred costs and expenses in the R&D process, it is best to make statistics in the subject of "R&D expenditure" and calculate the actual expenses incurred by the patent rights and trademark rights to confirm their values. It cannot be explained by self-estimated value.

2. Book after the value is confirmed.

(1) If the R&D expenditure account is not carried forward, accounting entries

Borrow: intangible assets-patent right

Borrow: intangible assets-trademark right

Loan: R&D expenditure

(2) If R&D expenditure has been carried forward to profit and loss, accounting entries

Borrow: intangible assets-patent right

Borrow: intangible assets-trademark right

Credit: profit distribution-undistributed profits and other related subjects.

3. The expenses incurred by the application should also be recorded in intangible assets.