intangible assets may include unique software, the results of research and development work, brands and trade marks, much more.Client database name publications, training costs and development of new industries
are not intangible assets - intangible assets.
concept of intangible assets introduced to conduct an independent accounting of the objects.There is a chance that the company will go the future economic benefits from these assets.Their cost can be estimated with a high degree of probability of IAS 38 if the following conditions required
:
- the future economic benefits of the intangible assets can be separated from the benefits that are derived from the company's business reputation;
- intangible assets obtained as a result of a specific business transaction;
- the asset can be separated, that is, sell it, lease, distribute benefits.
economic benefits from the use of assets is
in net cash, which includes the cost savings or increased income
.Intangible assets of the company can be controlled by other companies to deny access to this resource, as well as registration of entitlement to the economic benefits the company in the future.
Evaluation of intangible assets
Initially, the asset is measured at cost, and it is absolutely unimportant, was created yourself or purchased from a third party.All future costs of these expenses are considered if they restore the original standard use.
economic benefits that exceed the initial results from the use of standard
assets are capitalized costs.Under the cap meant
increase in the value of the asset and the assignment to it costs.
intangible assets can be taken into account by
cost.In this case, the accounting is based on the cost
minus accumulated losses and amortization.Method
revalued amount of assets based on the amount of the revaluation less accumulated impairment losses.
This method is used in the presence of a dynamic market sales of this type
assets.By choosing this method of accounting, the company, according to IFRS, must regularly reassess
to prevent
significant difference between fair and book value.
Intangible assets produced by the enterprise independently, must go through a stage of research and development activities.Stage of research activity is aimed at generating new data, search and evaluation of ways to use the results.At this stage, as there is a search of new technologies, materials, alternative materials, services or systems.Then the formulation, evaluation and final selection of suitable alternatives.
development phase is the design, construction and testing of experimental models and specimens.At this stage, the creation of templates, tools, stamps and forms, which are provided by the new technology.
When creating intangible assets all expenses Research
stage included in expenses.Development costs are taken into account in the event of
technical ability to complete the asset for use or sale
in the future.When creating assets should consider their future
amortization, which is a systematic allocation of the cost of an asset over a period
its useful life.
