Entry of the company’s purchase of intangible assets:
Debit: Intangible assets
Taxes payable - Value-added tax payable (input tax)
Credit: Bank deposits and other accounts
Intangible assets refer to identifiable non-monetary assets that have no physical form and are owned or controlled by an enterprise. It mainly includes patent rights, non-patented technologies, trademark rights, copyrights, franchise rights, etc.
If it meets one of the following conditions, it is considered to be identifiable:
It can be separated or divided from the enterprise. And can be used for sale, transfer, licensing, leasing or exchange, etc. together with or together with related contracts, assets or liabilities.
Deriving from contractual or other legal rights, whether or not these rights are transferable or separable from the enterprise or other rights and obligations.
The existence of goodwill cannot be separated from the enterprise itself, is not identifiable, and is not an intangible asset.
Intangible assets mainly include patent rights, non-patented technologies, trademark rights, copyrights, land use rights and franchise rights, etc.
Intangible assets can be recognized only if they meet the following conditions at the same time:
The economic benefits related to the intangible assets are likely to flow into the enterprise;
The intangible assets Costs can be measured reliably.
The goodwill created by the enterprise as well as the brands, newspaper names, etc. generated internally are not recognized as intangible assets because their costs cannot be measured reliably.
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