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Which of the following is not correct with regard to IRC 197 intangibles? Amortization is subject to recapture as IRC 1245 property upon a taxable
Which of the following is not correct with regard to IRC 197 intangibles?
Amortization is subject to recapture as IRC 1245 property upon a taxable disposition.
The use of any recovery method other than straight line is not allowed.
The cost is amortizable over 15 years.
Amortization begins in the month of acquisition.
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