Cost and Amortization of Intangible Assets OBJECTIVE 10 On January 2, 2018, Frazier Company purchased a restaurant
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Cost and Amortization of Intangible Assets OBJECTIVE 10 On January 2, 2018, Frazier Company purchased a restaurant franchise for \(\$ 85,000\). The terms of the franchise agreement allowed Frazier to have exclusive rights to operate a restaurant under the "Simply Fried" brand name for the next 10 years.
\section*{Required:}
Prepare any journal entries related to the franchise that Frazier should make during 2018.
\section*{Brief Exercise
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