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For purposes of US GAAP, payments made for an initial investment in a franchise are capitalized as a long-lived intangible asset. These can be capitalized and then amortized over the life of the franchise agreement.
Franchise royalties and other maintenance costs paid periodically should be expensed in the period they are used, and not necessarily in the period paid. For example, if a franchisor makes an annual payment in December 2012 to cover 2013 royalties, that payment should be expensed in 2013.
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Can you depreciate a franchise purchase?
rrr
What is the Journal entries purchase of franchise and amortization?
franchise acc - dr cash acc - cr
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is Purchases day book?
Purchase Day Book is where u record all ur purchase transactions .
How do you record journal entry for a purchase return?
debit cash / bank / accounts payablecredit purchase return
What is a franchise record?
A franchise record is a record that is just on a team not in the NFL
Where can I purchase an ice cream franchise?
You can go on this website to purchase your own franchise www.icecreamfranchise.net, or you can visit www.benjerry.com/scoop-shops/franchise-opportunities to open a Ben & Jerry's.
What is the Braves franchise record for home runs by a rookie?
The Braves franchise record for home runs by a rookie is 38 by Wally Berger in 1930.
Can you depreciate a franchise purchase?
rrr
What to do to purchase Adidas franchise?
$150,000 to $250,000
What is a sentence using the word the franchise?
Simone hopes eventually to purchase a natural-foods franchise.
What is the Journal entries purchase of franchise and amortization?
franchise acc - dr cash acc - cr
Can you purchase Subway Restaurant stocks?
No, but. You can buy a franchise.
If you purchase a franchise all profits you keep?
True :)
Who holds the New York Yankees franchise record with 2401 career games played?
Whitey Ford hold the New York Yankees franchise record for career wins with 236
What is the overall franchise record of the Redskins?
532-494-27
What is the NY Mets franchise record for wins in a season?
108
