Accounting treatment of outsourcing intangible assets
Borrow: intangible assets-non-patented technology, etc.
Taxes payable-VAT payable (input tax)
Loans: bank deposits
Accounting treatment of self-developed intangible assets
(1) When R&D expenditure occurs,
Debit: R&D expenditure-expensed expenditure (research expenditure and development expenditure that do not meet capitalization conditions)
R&D expenditure —— Capitalized expenditure (development stage expenditure eligible for capitalization)
Loans: bank deposits, raw materials, wages payable to employees, etc.
(2) At the end of the period, the spent R&D expenses are transferred to the current management expenses.
Borrow: management fee
Loan: R&D expenditure-expense expenditure
(3) When the intangible assets reach the usable state, the R&D expenditures that meet the capitalization conditions are transferred to the cost of intangible assets.
Borrow: intangible assets
Loan: R&D expenditure-capitalized expenditure
Accounting treatment of intangible assets amortization
Borrow: production cost (intangible assets used for product production)
Management expenses (intangible assets for management)
Other business costs (leased intangible assets)
Loan: accumulated amortization
What does intangible assets include?
Intangible assets are identifiable non-monetary assets, which are characterized by no physical form. Specifically, it includes monetary funds, accounts receivable, patent rights, trademark rights, long-term equity investment, etc. In a narrow sense, it generally refers to patent right, trademark right, non-patented technology, copyright, land use right and so on.
What is the recorded value of intangible assets?
The recorded value of intangible assets refers to the amount that confirms the value of intangible assets, which mainly includes R&D expenditure, raw materials collected in the development process and labor costs incurred in the development process.
1. The purchased intangible assets are recorded at the actual purchase price, handling fees and other capital expenditures;
2. Intangible assets created by themselves and applied for by legal procedures are priced according to the actual expenses incurred in the development process, including test fees, drawing fees, model making fees, development fees, attorney fees, design fees, salaries, application registration fees and other expenses.
3. Intangible assets obtained by accepting donations shall be accounted for according to the amount of the attached documents. In the absence of vouchers, it can be recorded with reference to the market price of similar intangible assets.