melziebg
Jul 13, 2009, 02:18 PM
Patent license fee accounting
pready
Jul 13, 2009, 04:14 PM
What is the question.
If the Patent is developed internally, then development costs are not included in the Patent.
If you are purchasing a patent, then the license fee is included in the cost of the Patent.
A Patent is listed in the Assets section of the balance sheet under Intangible Assets because a Patent has no physical form.