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For purposes of determining the amount amortizable, if the bond is acquired in an exchange for other property and the bond's basis is determined (in whole or in part) by the basis of the property, the basis of the bond is not more than its fair market value immediately after the exchange.
Hence, we recommend that a target's costs in a taxable sale of the target stock be treated as giving rise to a new amortizable intangible asset.
However, no inference is intended that any deduction should be allowed in these cases for assets that are not amortizable under present law.
Whether a domain name is deemed an amortizable intangible or not, it is still considered a capital asset, if not under section 1221 then under section 1231.
Dan Rostenkowski (D- IL) on September 20, 1991, would provide for customer based and some other intangible assets, including goodwill, to be amortizable over a fixed 14-year life.
At a time when the FM V of AB LLC is $21,000 (assume all appreciation is attributable to amortizable Sec.
The costs before Roberta decided to open her business may qualify as investigatory costs amortizable under section 195.
The patent is an amortizable section 197 intangible as defined in section 197(c).
The notion of impairment is related to goodwill's no longer being amortizable.
The Tax Court decided the covenant not to compete was valid and amortizable over its three-year life; however, the expenses associated with the acquisition were nondeductible and the warrants had a zero fair market value, creating no original issue discount (OID).
Features include: an pull-down menu system; support of all depreciation methods including ACRS and MACRS and those for pre-ACRS assets, book depreciation, or amortizable assets; unlimited number of companies to maintain depreciation schedules for; unlimited number of assets for a company; up to five depreciation calculations possible for each asset entered; user-determined number of methods and descriptions for each method when creating a depreciation file; calculation of monthly, annual, next-year's, prorated, short-year and projected depreciation; automatic application of listed property limitations and the provisions of the mid-quarter convention where appropriate; a wide variety of reports; and more.
The extraordinary reliability of this platform allows Ascom to reassure its customers that they will experience no infrastructure equipment replacement costs throughout the amortizable life of an Ascom IP-DECT system.