The sale of patented technology belongs to the sale of intangible assets and is the main form of ownership transfer of intangible assets. The seller no longer retains the ownership of intangible assets, so he no longer has the right to use, benefit and dispose of intangible assets.
In the case of selling intangible assets, because the selling enterprise no longer owns the ownership of intangible assets, it should cancel the book value of the sold intangible assets (i.e. the balance of the intangible assets account and the corresponding impairment reserve), and the difference between the actual transfer income from the sale of intangible assets and the book value of intangible assets is included in non-operating income or non-operating expenditure.
The business tax payable on the sale of intangible assets shall be regarded as the corresponding decrease of non-operating income or increase of non-operating expenditure, and the entries are as follows:
Debit: bank deposit xxx
Intangible assets impairment reserve xxx
Loan: intangible assets xxx
Non-operating income xxx
Taxes payable-business tax payable xxx
Accounting entries for transferring the right to use patent right
The transfer of patent use right belongs to the problem of renting intangible assets. Specific accounting entries are divided into the following steps:
1. Earn rental income:
Debit: bank deposit
Loans: other business income
2. Copy of VAT payable for carry-forward:
Borrow: business tax and surcharges
Loan: Taxes payable-VAT payable
3. Amortize the patent cost:
Debit: other business costs
production cost
Loan: accumulated amortization
How to deal with the accounting entries benefiting from the sale of patent rights? To sum up, in fact, according to Bian Xiao's explanation of the proceeds from the sale and transfer of patent rights, I believe all students know that this belongs to the category of intangible assets, so if you have any different views on the accounting entries mentioned above, you can come to this website to consult teachers or search for relevant accounting knowledge to learn.