LifestyleONE â An ergonomic bed design worth dreaming about. The bed, LifestyleONE, features many new functions in a stylish design that gives the bed a whole new place in the bedroom. The bed was designed to include adjustable comfort zones that are integrated with its existing LINAKÂ® motor solution â something which is completely unique and that sets new standards for ergonomics in the bed market.
The franchise fee covers your initial training, supplies and gives you access to the unique goods or services associated with the franchise. The franchise fee is recorded at its full present value amount. On the balance sheet, the franchise fee is listed under the assets section as an intangible asset. To record the initial franchise fee purchase cost, you debit Franchise Fee for $50,000 and credit Cash for $50,000. Yearly Franchise Fee Amortization You can amortize your franchise fee on a yearly basis.
This fee can be any amount above $500 (it must be above $500 to trigger the âpaymentâ element of the FTC Rule) and is generally in the range of $10,000 to $50,000.As with the Continuing Royalty, the Franchise Fee is disclosed up-front in the franchise disclosure document.