Intangible assets

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March 15, 2023 at 4:36 am #681319
krrish2005
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Sir if an internally generated brand is patented can it be recognised in financial statements ?
Also if an internally generated intangible asset is trademarked can it be recognised in financial statements?
March 18, 2023 at 7:27 am #681486
P2-D2
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Hi,

Internally generated brands cannot be capitalised.

You mention patents and trademarks, which would potentially be capitalised as part of a purchased intangible.

Thanks.
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