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Accounting for Prepaid

We have signed a 2 year training program for $20,000.
One identifiable element for the program is Russian Translation, for $ 5000 which is a flat fee. Total Contract $ 25000.

Should the entire $25k be coded to Prepaid, or only $ 20K?

Answers

Victor Shah
Title: Account Manager
Company: FlowRocket, LLC
(Account Manager, FlowRocket, LLC) |

Is $5,000 for Russian translation service a one time service or it will be utilized over a period of 2 years. If, the translation service to be used for 2 years, entire $25,000 should be coded to prepaid!

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