After the research and development of intangible assets is completed, how should the legal fees incurred for patent application be compiled into accounting entries?

1. The accounting system of enterprises stipulates that intangible assets developed by themselves and applied for in accordance with legal procedures shall be regarded as the actual cost of intangible assets according to the registration fees and attorney fees incurred when they are obtained according to law.

2. When paying legal fees:

Borrow: intangible assets-a patent (legal fees)

Loan: cash or bank deposit

I hereby answer!