What are intangible assets? These are objects that do not have a material, physical form, intended for use in the production process, provision of services, or performance of work. Intangible assets (IMA) are the result of intellectual activity, and IMA is not the result of the activity itself, but the exclusive right to use this result.
In the article we will analyze the accounting of intangible assets when they enter the organization. What are intangible assets? What are the methods for entering intangible assets into an organization? What entries reflect the receipt of intangible assets?
The concept of intangible assets
For intangible assets the following basic rules are followed:
- they are intended for long-term use over 1 year;
- not intended for sale;
- must bring economic benefit;
- the value of objects can be reliably determined.
Accounting for intangible assets is regulated by PBU 14/2007.
