How do I account for intangible asset paid for via share options

So you are granting stock options to an employee or a consultant as payment for work that will ultimately form an intangible piece of property? If so, it seems that the credit to equity is the equivalent of crediting cash if you were paying for the services in cash. As far as amortization of the intangible asset, you need to evaluate what the useful life is and amortize it over the life od the asset, which is not related to the 10 year option period. Also it sounds like you may need to engage a valuation expert to determine if the value of the options is commensurate with the value of the options that were given. If the value of the asset created is more than the value of the options, you may have some sort of gain that needs to be recorded, as well as what their opinion was to the useful life.