Is the local license fee paid by a restaurant considered an asset or an expense?
- posted
17 years ago
Accounting Treatment of License Fee
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- Vote on answer
- posted
17 years ago
"Rick" wrote
If it's an annual fee, it's an expense.
If it's a one time fee, or a fee for a number of years, and it's transferable (ie: they can sell it to someone else) then it would be an asset to be depreciated over it's life.