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KNOWLEDGE CHECK

Tax accounting
Capitalization & depreciation

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* Which of the purchased intangible assets is not considered a “section 197 intangible”?

Goodwill.

An interest in land.

Covenant not to compete.

Customer lists.

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KNOWLEDGE CHECK

Tax accounting Capitalization & depreciation

Tax accounting Capitalization & depreciation

Check your knowledge on this topic

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Tax accounting
Capitalization & depreciation

Tax accounting
Capitalization & depreciation