Intangible Assets
Use
You can manage intangible assets, such as patents, the same as tangible assets in the system. There are no special system functions for handling the needs of intangible assets.
Features
The account control of the asset class for intangible assets must be assigned to the corresponding balance sheet item. If you want to post down payments, you must specify in the asset class that posting is allowed with the transaction type group "down payments" (FI-AA Customizing: Transactions
® Acquisitions).Intangible assets are not normally physically retired, and therefore no retirement posting takes place. In the request screen of the asset history sheet, you can specify for the asset class for intangible assets that a retirement is simulated when the book value reaches zero. The assets then appear in the retirement column of the asset history sheet.
Before running the report, enter the classes for intangible assets. The system then carries out a retirement simulation for the assets in the asset classes entered. The system simulates a complete retirement at the end of the fiscal year, if the planned useful life is expired at this point, and the book value is zero (this is usually the case when the useful life is expired).