Franchise Fee (Lump Sum plus Installments)

[GraceNY]

Franchise Fee is $20,000. Taxpayer puts down $10,000 up front and is financing the balance.

I know francise fees are amortized over 180 months. Therefore, I know I would amortize the $10,000 up front payment, but how do I handle the $10,000 being financed?

Thanks in advance for your input.

Grace

[PapaJoe]

Amortize the $20,000. The method of payment of the $20,000 is immaterial.