GraceNY Posted June 23, 2011 Report Share Posted June 23, 2011 Franchise Fee is $20,000. Taxpayer puts down $10,000 up front and is financing the balance. I know francise fees are amortized over 180 months. Therefore, I know I would amortize the $10,000 up front payment, but how do I handle the $10,000 being financed? Thanks in advance for your input. Grace Quote Link to comment Share on other sites More sharing options...
PapaJoe Posted June 23, 2011 Report Share Posted June 23, 2011 Amortize the $20,000. The method of payment of the $20,000 is immaterial. Quote Link to comment Share on other sites More sharing options...
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