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No, a franchise fee is not considered a fixed asset. Instead, it is typically classified as an intangible asset on the balance sheet, as it represents the rights to operate a franchise rather than a physical asset. Franchise fees can have a defined useful life and may be amortized over that period. Fixed assets, on the other hand, are tangible items like buildings and equipment that are used in business operations.
What else can I help you with?
How Much Is The Franchisee Fee?
Within the US, the franchise fee is $15,000. In countries outside of North America the first franchise fee varies from $10,000 - $15,000 (USD).
Why fixed assets depreciate?
Fixed assets depreciate because through depreciation process cost of fixed asset charged to all those fiscal years in which that fixed asset is used.
Is fixed asset a fixed cost?
A fixed asset is an item/asset that can or does generate income/revenue and its value does not flutuate in the short term. A fixed cost is an expense that is repetative such as your real estate tax and utility bills So the short answer is no. These are two different and opposite items
Is fixed deposit an asset?
Yes. An Asset is something that has a value and can be sold/converted to cash.
What is Abercrombie And Fitch franchise fee?
A&F does not sell their rights, therefore there is no fee. Buy them from online for free shipping
Fixed deposit is current asset or fixed asset?
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
Is software considered a fixed asset?
if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
Is good is a fictitious asset or fixed asset?
fixed
What is donatos pizza franchise fee?
The franchise fee for Donato's Pizza is $25,000.
Is car a fixed asset or current asset?
fixed assest
Is fixed asset a current asset?
fixed deposit is an assets
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
