Franchises are considered to be an identifiable intangible asset and must be amortized.

Name: Franchises are considered to be an identifiable intangible asset and must be amortized.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Franchises are considered identifiable intangible assets because they can be separately identified and have a clear value to the business. As such, they are subject to amortization over their useful life, reflecting the consumption of their economic benefits over time.

Franchises Are Considered to Be an Identifiable Intangible Asset and Must