Which of the following intangible assets is not amortizable for tax purposes?
A) Organizational costs
B) Patent with a 12-year remaining life
C) Partnership interest
D) All of these assets are amortizable for tax purposes

Question

Quizplus · Accepted Answer

While organizational costs and patents are both amortizable for tax purposes, partnership interests are not considered intangible assets that can be amortized.

Which of the Following Intangible Assets Is Not Amortizable for Tax