If an Acquired Franchise or License Is for an Indefinite

question 26

True/False

If an acquired franchise or license is for an indefinite time period, then the cost of the asset should not be amortized.

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Definitions:

American Medical Association

A professional group in the United States that sets standards for medical education, practice, and ethics, and advocates for physicians and patients.

Obesity

A medical condition characterized by excess body fat that presents a risk to health.

Disease

A particular abnormal condition that negatively affects the structure or function of all or part of an organism, and that is not due to any external injury.

Holistic Medical Practitioner

A healthcare professional who treats patients by considering their physical, emotional, social, and spiritual needs.