Which of the following statements about franchises is correct?
A) Franchises are privileges granted by a government to use public property in performing services.
B) The acquisition cost of a franchise is always amortized over its legal life.
C) Franchises are privileges granted by a business to sell goods or services under specified conditions.
D) The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined.
Correct Answer:
Verified
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