2. The service life without agreement should be 10 year.
3. Debit: management expenses-amortization of intangible assets
Loan: accumulated amortization
The balance of the original value of intangible assets after deducting accumulated amortization is shown below the intangible assets in the statement.
Extended data:
Intangible assets refer to identifiable non-monetary assets that are owned or controlled by enterprises and have no physical form. Intangible assets can be divided into broad sense and narrow sense. Intangible assets in a broad sense include monetary funds, accounts receivable, financial assets, long-term equity investment, patent rights, trademark rights and so on. Because they have no material entity, they show some legal rights or technologies. But intangible assets are usually understood in a narrow sense in accounting, that is, patent rights and trademark rights are called intangible assets.
Intangible assets include social intangible assets and natural intangible assets.
Among them, social intangible assets usually include patent right, non-patented technology, trademark right, copyright, franchise right and land use right. Natural intangible assets include natural resources such as natural gas without physical form.
(1) patent right: refers to the exclusive right granted by the national patent authority to the applicant for a patent for invention and creation within the statutory time limit, including the patent right for invention, the patent right for utility model and the patent right for design.
(2) Non-patented technology: also known as proprietary technology, refers to various technologies and proprietary technologies that are not known to the outside world, should be adopted in production and business activities, and can bring economic benefits without legal protection.
(3) Trademark right: refers to the right to use a specific name or design exclusively on a specific commodity or product.
(4) Copyright: Some special rights enjoyed by producers in accordance with the law for the literary, scientific and artistic works they create.
(5) Franchising: also known as franchising and franchise, refers to the right of an enterprise to operate or sell a specific commodity in a certain area or the right of an enterprise to accept another enterprise's use of its trademark, trade name, technical secret, etc.
(6) Land use right: refers to the right that the state allows enterprises to develop, utilize and operate state-owned land within a certain period of time.
(7) Business secrets
Fixed assets refer to non-monetary assets held by enterprises for producing products, providing labor services, leasing or management, which have been used for more than 12 months and have reached a certain standard, including houses, buildings, machines, machinery, means of transport and other equipment, appliances and tools related to production and business activities.
Fixed assets are the labor means of enterprises and the main assets that enterprises rely on for their production and operation. From the perspective of accounting, fixed assets are generally divided into productive fixed assets, unproductive fixed assets, leased fixed assets, unused fixed assets, unnecessary fixed assets, financing leased fixed assets and donated fixed assets.
Fixed assets shall be initially measured at cost.
The cost of fixed assets refers to all reasonable and necessary expenses incurred by an enterprise before the purchase and construction of fixed assets reach the intended usable state. These expenses include direct costs, freight and miscellaneous fees, packaging costs and installation costs. , as well as indirect costs, such as loan interest, foreign currency loan translation difference and other indirect costs that should be shared.
For specific fixed assets in special industries, the abandonment cost should also be considered when determining their initial entry cost. Abandonment cost usually refers to the expenditure determined by the enterprise's obligation of environmental protection and ecological restoration according to national laws, administrative regulations and international conventions, such as the obligation of abandonment and environmental restoration of nuclear facilities of nuclear power plants.
For the specific fixed assets of these special industries, the enterprise shall include them in the relevant fixed assets cost according to the present value of the abandoned expenses. Oil and gas exploration enterprises shall include the present value of the abandonment cost of oil and gas assets into the relevant oil and gas asset costs.
During the service life of fixed assets or oil and gas assets, the interest expenses determined by calculation according to the amortized cost of the estimated liabilities and the actual interest rate are included in the financial expenses when incurred. Scrapping and cleaning expenses of fixed assets of general industrial and commercial enterprises are not abandonment expenses, but should be treated as disposal expenses of fixed assets when they occur.
References:
Baidu Encyclopedia-Fixed Assets? Baidu encyclopedia-intangible assets