Franchises and Licenses

Franchises and Licenses - amortized to expense over the...

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Franchises and Licenses Contractual arrangement between a franchisor and a franchisee. Toyota, Shell, Subway, and Marriott are franchises. Franchise (or license) with a limited life should be
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Unformatted text preview: amortized to expense over the life of the franchise. Franchise with an indefinite life should be carried at cost and not amortized....
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This note was uploaded on 01/03/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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