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  3. 197 intangibles: a. are amortized based on current

197 intangibles: A. Are amortized based on current fair market value rather than their actual...

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Accounting

197 intangibles:

A. Are amortized based on current fair market value rather than their actual cost.

B. Must be amortized over a 15 year life, regardless of their actual life.

C. Include intangible assets created and not purchased by the taxpayer.

D, Do not include purchased goodwill or going-concern value.

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