Glossary · Accounting

What is Intangible asset received under a right of use?

An intangible asset the company has received for temporary use under licence, copyright and similar agreements, but of which it is not the owner: the right to use a trademark for a certain period and territory, technological software, an industrial design and so on. It is kept on the debit of off-balance sheet account 016 at the contract price and credited when returned.

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