Patent

Alikhan1001 Posts: 1, Reputation: 1

New Member

Jan 30, 2013, 12:05 AM

Patent

What is patent in assets? Explain please

paraclete Posts: 2,706, Reputation: 173

Ultra Member

Jan 31, 2013, 05:53 AM

Intangibles, it may have a value but difficult to determine, perhaps capitalised development costs

Add your answer here.

Check out some similar questions!

Venture Company acquired patent rights on January 3, 2005, for $661,500. The patent h [ 1 Answers ]

Venture Company acquired patent rights on January 3, 2005, for $661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000. a. Determine the patent amortization expense for the...

Amortization of a patent [ 1 Answers ]

Volvo Machine Company spent 352,000 on research and development costs for an invention. THis invention was patented on Jan 2, 2004, at a nominal cost that was expensed in 2004. The patent has a legal life of 17 years and an estimated useful life of 8 years. In jan 2008, Volvo paid 32,000 for legal...

Patent accounting [ 1 Answers ]

How is the value of patents recorded on the balance sheet

Patent law [ 2 Answers ]

I recently received a patent on an invention. During the process, I was suddenly notified that the Patent Office was publishing my application. Since I had assumed that patent applications were to be kept a secret, I was very surprised that this happened. On researching the issue later, I...