Hello all - new to the forums and first post.
I am wondering if anyone can give advice or help as we are trying to sort out and internally generate the intangible assets within our company. We are UK based but attempting to use International standards (IAS 36 & 38 mainly)
We do R&D, developing technical products and then selling them.
1. The development can be internally generated using the cost method as an intangible asset. But what type? Can it be a trade secret? Or is something else a better fit?
2. Also then we have patents. How are these valued?
If it's at the cost valuation - then it's the costs of the searches, and the application. Is that all? I'm not sure what, and how anything else would be added?
Thanks in advance for any feedback, ideas and solutions!
I am wondering if anyone can give advice or help as we are trying to sort out and internally generate the intangible assets within our company. We are UK based but attempting to use International standards (IAS 36 & 38 mainly)
We do R&D, developing technical products and then selling them.
1. The development can be internally generated using the cost method as an intangible asset. But what type? Can it be a trade secret? Or is something else a better fit?
2. Also then we have patents. How are these valued?
If it's at the cost valuation - then it's the costs of the searches, and the application. Is that all? I'm not sure what, and how anything else would be added?
Thanks in advance for any feedback, ideas and solutions!
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