Healthcare
Certificate of Need (CON) Intangible
Recording the legal and application costs to obtain a government permit to expand a hospital wing.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Intangible Assets: Licenses | Asset (+) | 5,000.00 | - |
| Cash | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
In many regions, you cannot simply open a hospital; you must prove the community 'needs' it. This permit (CON) is a valuable intangible asset.
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