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 qualified conditions.
D) The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined.
C
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To become a negotiable instrument, a draft must conform to the following requirements EXCEPT:
A) it must be in writing and signed by the maker or drawer B) it must be payable to order or to bearer C) it must be written in English D) it must be payable on demand or at a fixed or determinable future date
The outcome/input ratio is the relationship between what an employee gets from a job (outcomes), and what he or she contributes to the job (inputs)
Indicate whether the statement is true or false