Morning, desperate in need of help today.
If you own a restaurant/pub and you purchased a liquor license - is this classified in the financials as an intangible asset, and if so, does it get amortized?
Thank you in advance for the help.
Morning, desperate in need of help today.
If you own a restaurant/pub and you purchased a liquor license - is this classified in the financials as an intangible asset, and if so, does it get amortized?
Thank you in advance for the help.
Geraldene Kapp
Professional Tax Help
www.mytaxhelp.co.za
Hi Geraldenek, was this a transfer of a licence? Or did the present owner license the pub as such?
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