Results 1 to 2 of 2

Thread: Accounting for Franchise Fees

  1. #1
    Silver Member
    Join Date
    Apr 2011
    Location
    Jhb
    Posts
    281
    Thanks
    105
    Thanked 14 Times in 10 Posts

    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?

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    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

Similar Threads

  1. Small business/Franchise?????????????
    By Shining_Star in forum General Business Forum
    Replies: 7
    Last Post: 03-Mar-10, 11:35 PM
  2. [Question] Mochachos Franchise
    By AmithS in forum General Business Forum
    Replies: 0
    Last Post: 09-Sep-09, 12:59 PM
  3. [Question] Franchise Agreement
    By AmithS in forum General Business Forum
    Replies: 4
    Last Post: 20-Aug-09, 10:11 AM
  4. FRANCHISE BUSINESS OPPORTUNITY
    By Aussie in forum MLM Industry Forum
    Replies: 0
    Last Post: 29-Aug-07, 07:17 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •