Domain name and Trademark

Discussion in 'Technical Queries' started by Tan Chun Huat, Apr 5, 2018.

  1. Tan Chun Huat

    Tan Chun Huat

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    Hi,

    Understand that domain name and trademark falls under Intangible asset. So for these two, FRS 38 will apply?

    Anything that i should take note of when performing the accounting entries?

    Thanks.
     
    Tan Chun Huat, Apr 5, 2018
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  2. Tan Chun Huat

    Fidget VIP Member

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    FRS 38? What is this standard you speak of?
     
    Fidget, Apr 14, 2018
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  3. Tan Chun Huat

    Yash

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    did you mean IAS 38?
     
    Yash, Apr 19, 2018
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  4. Tan Chun Huat

    Tan Chun Huat

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    Yes IAS 38. For trademark, do i value the trademark on balance sheet based on the costs to register the trademark?
     
    Tan Chun Huat, Apr 20, 2018
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  5. Tan Chun Huat

    Yash

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    Yes, Trademarks, Patents, Copyrights, Licenses Etc., are posted to a/c Intangible assets in Non Current or Current assets depending upon their economic life. The Amortization costs are added to P&L finance costs.
     
    Yash, Apr 20, 2018
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  6. Tan Chun Huat

    Tan Chun Huat

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    So legal fees, registration fees in getting trademark registered can be capitalised.

    Any other costs incurred can be capitalised?
     
    Tan Chun Huat, Apr 20, 2018
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  7. Tan Chun Huat

    Yash

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