All of the following Sec. 197 intangibles acquired after August 10, 1993, must be amortized...
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Accounting
All of the following Sec. 197 intangibles acquired after August 10, 1993, must be amortized over 15 years EXCEPT a
A.Covenant not to compete entered in connection with the acquisition of an interest in a trade or business.
B.Patent that you created, but not in connection with the acquisition of assets constituting a trade or business or a substantial part of a trade or business.
C.Fast food franchise.
D.Governmental license including renewals.
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