As an intangible asset, you can claim the remaining value. It can be done a couple different ways. You could sell the original asset as a wash in 2017. Then enter the remaining value as an expense with a description of "Intangible asset depletion". You could also enter the remaining value as a new asset with a 1 year depreciation for 2017. Because it is franchise fee, it is treated differently than a tangible asset and can be captured upon the business closing.
