Inventory management of medical equipment prototype

The materials and expenses consumed by enterprises in developing new products do not constitute the management expenses of intangible assets.

Debit: management fee -R&D fee

Loan: raw materials

cash on hand

If it constitutes an intangible asset, the relevant research and development expenses can be transferred to the intangible asset.

Borrow: intangible assets

Loan: management expenses-research and development expenses. This prototype is in the sample room. Are VAT and enterprise income tax calculated and paid? There is no need to pay value-added tax and enterprise income tax, which can be deducted when calculating taxable income.