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General Accounting Discussions: Classifying business loan fees

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    If a business gets a loan from a bank that charges a fee (in addition to the interest) for the loan, how do you classify the FEE? Is it amortized? Current Asset? Don't know.
    • CommentAuthorabril
    • CommentTimeSep 28th 2007
     
    i think it should be treated outright as an expense.

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