Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
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.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

Imran2008in
Mar 19, 2009, 11:34 PM
i want to know;
what is meant by patent amortization?
is it direct or indirect cost?
if it is an expense then is it dirct or indirect
ROLCAM
Mar 20, 2009, 02:25 AM
i want to know;
what is meant by patent amortization?
is it direct or indirect cost?
if it is an expense then is it dirct or indirect

A patent is an ASSET.
We ususally depreciate fixed assets like
Equipment.
In the case of patents, we amortize then by the efflixion of time.
It is an indirect cost.
The expense appears as an indirect
Profit and Loss expense.