Intellectual property: related pages
Amortisation Amortisation is the equivalent of depreciation for intangible assets.
Capitalisation The addition to the balance sheet as an asset of an amount that could otherwise have been treated as an expense.
Fair value The value of an asset or liability in an arms length transaction between unrelated willing and knowledgeable parties. A concept used in many accounting standards including the IFRSs.
Impairment The cost shown in the profit and loss account as the result of a fall in the value of an asset.
Research and development Expenditure on researching and developing new products. Development costs are related to specific products and may be capitalised.
Intangible assets Assets that do not have a definite form. They include goodwill, patents, trademarks and capitalised development costs.
Network effects Effects which cause the value of a product to its consumers to increase if it is more widely used.
Submarine patent A patent that is deliberately kept quite, in the hope of extracting money later from those who use an idea believing it not to be patented.
Patent Troll A derogatory term for a patent holder who exploits the patent system is ways that are seen as unfair, inethical or harmful to society.
Copyright Graeme Pietersz © 2005-2019
