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LIQUOR LICENSES
12 Months Ended
Sep. 28, 2019
Disclosure Text Block [Abstract]  
LIQUOR LICENSES

NOTE 10. LIQUOR LICENSES

 

Liquor licenses, which are indefinite lived assets, are tested for impairment in September of each of our fiscal years. The fair value of liquor licenses at September 28, 2019, exceeded the carrying amount; therefore, we recognized no impairment loss. The fair value of the liquor licenses was evaluated by comparing the carrying value to recent sales for similar liquor licenses in the County issued. At September 28, 2019 and September 29, 2018, the total carrying amount of our liquor licenses was $630,000. We acquired no liquor licenses in our fiscal year 2019.