Quite a simple one, but I've no background in this area.
The company in question will be purchasing a book of business next year. It will pay £265,000 in total. £130,000 will be paid upfront, and the remaining £135,000 will be paid over three instalments of £45,000 each year.
Just need to make sure it's entered into the balance sheet correctly, and if there are different accepted ways in which this is done?