Patent license fee accounting
|  | 
Patent license fee accounting
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.
| All times are GMT -7. The time now is 03:11 AM. |