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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Tue Aug 10, 2004 3:57 pm Post subject: Franchise fees |
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| Is the initial franchise fee, $10,000-$50000, a startup expense to be amortized over 60 months or can it be considered an ordinary operating expense in the year it was incurred? Possibly, depreciated? Certinly, the annual or monthly franchise % is an operating expense! |
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Guest
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| Posted: Wed Aug 11, 2004 2:57 pm Post subject: RE: Franchise fees |
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| Franchise Fees are considered Intangible Assets under IRC 197 and are allowed to be amortized over 15 years begining in the month the franchise is acquired. |
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