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    Exam 12: Intangible Assets and Goodwill
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    A Franchise or Licence with a Limited Life Is
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A Franchise or Licence with a Limited Life Is

Question 38

Question 38

Multiple Choice

A franchise or licence with a limited life is


A) expensed.
B) not amortized.
C) amortized over the lesser of its legal or useful life.
D) amortized over its legal life.

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