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Is patents ( Intangible assets) added in total assets on balance sheet

Asked Sep 23, 2007, 08:48 AM — 2 Answers
Is the patents (Intangible assest)amount added to the current assets amount on a balance sheet.
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CaptainForest's Avatar
CaptainForest Posts: 3,684, Reputation: 2085
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#2

Sep 23, 2007, 01:50 PM
No.

They are assets, but they should be included under the intangible assets section.
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Hermansherman's Avatar
Hermansherman Posts: 37, Reputation: 15
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#3

Sep 24, 2007, 07:54 AM
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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