accounting entries for the sale of trademark rights
the sale of trademark rights can refer to the accounting entries for the disposal of intangible assets, assuming that the tax amount is not considered:
debit: bank deposits
accumulated amortization
provision for impairment of intangible assets
loan: intangible assets
gains and losses from asset disposal
taxes payable-value-added tax payable (output tax)
purchases of trademark rights.
Borrowing: intangible assets
Taxes payable-VAT payable (input tax)
Loans: bank deposits, etc.
What is cumulative amortization?
the cumulative amortization account is an asset account, which is used to calculate the amortization of intangible assets. Listed in the assets of the balance sheet as a deduction of intangible assets. Cumulative amortization only belongs to the adjustment subject of intangible assets, and the registration direction is opposite to that of intangible assets.
what is the asset disposal profit and loss?
Asset disposal gains and losses are newly added accounting subjects, which are mainly used to calculate the disposal gains or losses caused by the sale and transfer of fixed assets and intangible assets. The profit and loss of asset disposal affects the operating profit. The gains and losses of asset disposal are directly included in the gains and losses of current profits and losses.
what are intangible assets?
"intangible assets, that is, identifiable non-monetary assets that are owned or controlled by enterprises and have no physical form. If an asset meets one of the following conditions, it meets the identifiability standard in the definition of intangible assets: it can be separated or divided from an enterprise, and can also be used for trading, transfer, licensing, etc. alone or together with related contracts, assets or liabilities. "