Question 24 2 pts A franchise was purchased for $100,000 and had a finite useful life of 10 years. Annual franchise payments of $12,500 are also required. The total annual expense associated with this franchise is: $12,500 $10,000 $22,500 $11.250 Question 25 2 pts When disposing of a plant asset, the asset account is credited for the : asset's accumulated depreciation to date. net asset value original cost of the asset All of the above answers are correct