Domain name and Trademark


Joined
Mar 28, 2018
Messages
16
Reaction score
0
Country
sg
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.
 

Fidget

VIP Member
Joined
Jan 6, 2013
Messages
527
Reaction score
81
Country
gb
FRS 38? What is this standard you speak of?
 
Joined
Jan 26, 2018
Messages
22
Reaction score
0
Country
in
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.
 
Joined
Mar 28, 2018
Messages
16
Reaction score
0
Country
sg
So legal fees, registration fees in getting trademark registered can be capitalised.

Any other costs incurred can be capitalised?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top