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Capitalising start up costs

halfthetrack · 2009-10-09 12:59:26

I am starting up a new franchise. My startup costs are roughly 120k of this its 100k equipment and 20k project management fee to franchise master. Can i capitalise the full 120k or do i take the 20k hit in year one and just capitalise the 100k equipment.

09-10-2009 12:59pm

#1

halfthetrack

Closed Accounts Posts: 25 ✭

Join Date: September 2008

Posts: 17

I am starting up a new franchise. My startup costs are roughly 120k of this its 100k equipment and 20k project management fee to franchise master. Can i capitalise the full 120k or do i take the 20k hit in year one and just capitalise the 100k equipment.

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Comments

#2 09-10-2009 1:46pm

dbran

Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭

Join Date: October 2004

Posts: 2041

Hi

Assuming the Franchise is viable and worth something you can capitalise and amortise it over the life of the franchise agreement.

Hope this helps

Dbran

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#3 12-10-2009 1:04pm

halfthetrack

Closed Accounts Posts: 25 ✭

Join Date: September 2008

Posts: 17

Thanks dbran

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