On a 2021 tax return, how, if at all, would you recover the cost you pay for a noncompete agreement (or covenant not to compete) in the context of your pur-chase of all of the assets of a going-concern accounting practice?

(a) Straightline amortization over the covenants term.

(b) Straightline amortization over 15 years (180 months).

(c) Straightline amortization over the shorter of (a) or (b).

(d) Straightline amortization over the longer of (a) or (b).

(e) Section 179 expensing.

(f) None of the above statements is true.