When selling, the difference between the obtained price and the book value of the intangible assets and related taxes and fees shall be included in the current profit and loss

(asset disposal profit and loss).

debit: bank deposit

intangible assets impairment reserve

accumulated amortization

loan: intangible assets

tax payable-value-added tax payable (output tax)

asset disposal gains and losses (difference, or debit)

When it is expected that it will not bring future economic benefits to the enterprise, the book value of the intangible assets shall be written off and included in the current profits and losses (if it is not expected)

borrowing: non-operating expenses

accumulated amortization

provision for impairment of intangible assets

lending: intangible assets

intangible assets refer to identifiable non-monetary assets that are owned or controlled by an enterprise and have no physical form. It mainly includes patent right, non-patented technology, trademark right, copyright, franchise and so on.

it is considered recognizable if it meets one of the following conditions:

it can be separated or divided from the enterprise. And can be used for sale, transfer, licensing, leasing or exchange with multiple tapes or with relevant contracts, assets or liabilities.

derived from contractual rights or other legal rights, regardless of whether these rights can be transferred or separated from the enterprise or other rights and obligations.

the existence of goodwill cannot be separated from the enterprise itself, and it is not identifiable and does not belong to intangible assets.

To prepare for the primary accounting exam, please pay attention to Global Quick Ask Accounting Online for more information about the primary accounting exam.

Pay attention to the Global Online School and ask how to deal with the intangible assets reduced by the company.