When you calculate the value of an intangible asset, such as intellectual property (IP), using the discounted cash flow method and debit it to the intangible asset account, the credit side of the transaction would typically reflect the cost or expense incurred to acquire or create that IP. If you are referring to the initial recognition of the IP, the credit side would usually be to a liability account, such as "Accounts Payable" or "Long-Term Debt Payable," depending on the payment terms of the acquisition. If the payment for the IP has been fully paid, the credit side could go to a cash or bank account.

For example, if the IP is acquired through an outright purchase, the entry might look like this:

  Debit: Intangible Assets (cost of the IP)
  Credit: Cash/Bank Account (if paid upfront) or Credit: Accounts Payable/Long-Term Debt Payable (if payment is deferred)

However, if the IP is being internally developed, the credit side might represent the costs capitalized as part of the development process, such as research and development expenses or capitalized development costs.

Please note that the specific accounting treatment may vary depending on the exact nature of the transaction and the applicable accounting standards, such as whether it's under US GAAP or IFRS.