Intangible assets refer to identifiable non-monetary property that has no physical form and is owned or controlled by an enterprise. Yuanxing assets mainly include patent rights, non-patented technologies, trademark rights, copyrights, land use rights, franchise rights, etc. Unidentifiable non-monetary assets such as goodwill are not considered intangible assets.

Intangible assets can only be recognized if they meet the following conditions at the same time:

1. The economic benefits related to the intangible assets are likely to flow into the enterprise;

As intangible assets A project for asset recognition must meet the condition that the economic benefits of its production are likely to flow into the enterprise. Because the most basic characteristic of an asset is that the economic benefits generated are likely to flow into the enterprise, if the economic benefits generated by a certain project are not expected to flow into the enterprise, it cannot be recognized as an asset of the enterprise. In accounting practice, to determine whether the economic benefits created by intangible assets are likely to flow into the enterprise, it is necessary to make reasonable estimates of various economic factors that may exist within the expected service life of the intangible assets, and this should be supported by clear evidence.

2. The cost of the intangible asset can be measured reliably.

The goodwill created by the enterprise as well as the brands, newspaper names, etc. generated internally should not be recognized as intangible assets because their costs cannot be measured reliably.