Traditional Culture Encyclopedia - Hotel franchise - The start-up expenses of the hotel are amortized over several years.

The start-up expenses of the hotel are amortized over several years.

Legal analysis: the hotel start-up fee is amortized for five years. Before the operation, except for the expenses of fixed assets and intangible assets, other expenses shall be recorded in the long-term deferred expenses-organization expenses.

Legal basis: Accounting Law of People's Republic of China (PRC).

Article 3 All units must set up accounting books according to law and ensure the truthfulness and completeness of accounting books.

Article 4 The person in charge of a unit shall be responsible for the accounting work of the unit and the authenticity and completeness of the accounting data.

Article 5 Accounting institutions and accountants shall conduct accounting in accordance with the provisions of this Law and exercise accounting supervision.

No unit or individual may in any way incite, instigate or force accounting institutions or accountants to forge or alter accounting vouchers, accounting books and other accounting materials and provide false financial and accounting reports.

No unit or individual may retaliate against accounting personnel who perform their duties according to law and resist acts that violate the provisions of this Law.