Intangible assets are typically amortized


Problem: Intangible assets are typically amortized over a 15 year period compared to 5- and 7- year assets. Can anyone see how a taxpayer might want assets appraised upon purchase? Any potential for abuse? When does "stuffing" become evasion as opposed to avoidance?

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Accounting Basics: Intangible assets are typically amortized
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