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Thread: Accounting for Franchise Fees

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    Question Accounting for Franchise Fees

    Hi,

    How would you account for a franchise fee that has been paid to start operating a franchise? My feeling is that you would capitalise and based on the contract, depreciate over the "useful life" of the asset.

    Any other opinions?

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    Quote Originally Posted by J7J View Post
    My feeling is that you would capitalise and based on the contract, depreciate over the "useful life" of the asset.
    +1
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