answersLogoWhite

0


Best Answer

Below Fixed Assets

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Intangible assets on the balance sheet?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What can be amortized on the balance sheet?

Intangible assets are amortized on balance sheet same as tangible assets are depreciated.


Are Intangible assets reported in balance sheets?

Yes, All intangible as well as tangible assets are shown in balance sheet of business.


Can An intangible asset be reported on a balance sheet?

All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.


What items on a company's balance sheet have no physical substance?

Intangible assets are items such as Copyrights, patents, goodwill, trademarks, etc. These would be classified as Intangible Assets on a company's balance sheet.


Where do you place patent in a classified balance sheet?

Answer:Under 'Intangible assets'.


Where is foreign currency translations reported?

These are reported in the company's balance sheet, and are listed under "ASSETS -> Non-Current Assets -> Intangible Assets".


In a classified balance sheet assets are usually classified as?

current assets; long-term investments; property, plant, and equipment; and intangible assets.


Is intangible assets a debit or credit?

Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.


Why employees were not record on balance sheet asset side?

The main reason is that they would be classified as intangible assets. Intangible assets should only be included on the balance sheet when the costs are easily measurable. It would be very difficult to measure an employees value to a company. Also under ISA 38, internally generated goodwill is not allowable.


Is it patents part of income statement?

Amortization is not entered separately but just shown as a deduction from the respective asset(patent) in balance sheet. However it is shown separately in P&L A/c. Its treatment is similar to that of depreciation.


Difference between on balance sheet financing and off balance sheet financing?

In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.


What is goodwill on the balance sheet?

Goodwill is an intangible asset and that amount or value which business earns due to it good working and part of other assets.