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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,
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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