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Posted on Sep 17, 2024

Lettuce Express acquired a franchise on July 1 , 2 0 2 4 , by paying an initial franchise fee of $ 1 8 7

Lettuce Express acquired a franchise on July

1, 2024,

by paying an initial

franchise fee of $

187, 600 .

The contractual life of the franchise is seven years.

Record the amortization of the franchise rights at December

31, 2024,

required.

Note: Enter debits before credits.

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