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Home > Business & Careers > Accounting   »   Is patents ( Intangible assets) added in total assets on balance sheet

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Old Sep 23, 2007, 08:48 AM
tvlaptop
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Is patents ( Intangible assets) added in total assets on balance sheet
Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet.
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Old Sep 23, 2007, 01:50 PM   #2  
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No.

They are assets, but they should be included under the intangible assets section.
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Old Sep 24, 2007, 07:54 AM   #3  
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Quote:
Originally Posted by tvlaptop
Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet.
help
thanks

Definitely not a current asset
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