On January 1, Fast, Inc., entered into a covenant not to compete with Swift, Inc.,...
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On January Fast, Inc., entered into a covenant not to compete with Swift, Inc., for a period of years, with an option by Swift to extend it to years. What is the amortization period of the covenant for tax purposes? A years. B years, C years. D years.
On January Fast, Inc., entered into a covenant not to compete with Swift, Inc., for a period of years, with an option by Swift to extend it to years. What is the amortization period of the covenant for tax purposes?
A years.
B years,
C years.
D years.
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