Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

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

Answer this Question Ask about Accounting
 
Question Tools Search this Question Display Modes
Question
 
 
#1  
Old Sep 23, 2007, 07:48 AM
tvlaptop
New Member
tvlaptop is offline 		 
Join Date: Sep 2007
Posts: 9
tvlaptop See this member's comment history on his/her Profile page.
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.
help
thanks

Reply With Quote
 
     

Answers
 
 
Old Sep 23, 2007, 12:50 PM   #2  
CaptainForest
Finance & Accounting Expert
CaptainForest is offline
 
CaptainForest's Avatar
 
Join Date: Nov 2005
Location: Canada
Posts: 3,658
CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.CaptainForest See this member's comment history on his/her Profile page.
No.

They are assets, but they should be included under the intangible assets section.
  Reply With Quote
 
     
 
 
Old Sep 24, 2007, 06:54 AM   #3  
Hermansherman
Junior Member
Hermansherman is offline
 
Join Date: Jul 2007
Posts: 36
Hermansherman See this member's comment history on his/her Profile page.
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
  Reply With Quote
 
     
Answer this Question Ask about Accounting

« Previous Question | Next Question »

Question Tools Search this Question
Search this Question:

Advanced Search
Display Modes
Linear Mode Linear Mode

 
Similar Sponsors

Similar Questions
Question Asker Topic Answers Last Post
How do I compute total current assets dham Accounting 1 Sep 14, 2007 01:59 PM
Are patents current assets preddr6 Accounting 6 May 14, 2007 09:29 PM
Intangible Assets fayfay1988 Finance & Accounting 0 Apr 10, 2007 04:11 PM
total assets corrections CAREACCOUNTING Finance & Accounting 0 Sep 29, 2006 01:54 PM
total current assets jcjspj1 Finance & Accounting 1 Jun 24, 2006 12:22 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 06:35 AM.

Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.