Section 197: methods for treating intangibles. (Omnibus Budget Reconciliation Act of 1993): An article from: The National Public Accountant

This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on October 1, 1994. The length of the article is 5670 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Omnibus Budget Reconciliation Act of 1993 (OBRA), signed into law on Aug. 10, 1993, focuses on the amortization of intangibles. It contains Section 197 which allows depreciation deduction or the amortization of assets acquired in excess of the purchase price over the fair market value to be classified as intangibles such as goodwill and going concern value, business books and records, patents, copyrights, franchises, trademarks and computer software. It can only be applied to asset acquisitions made after the enactment of OBRA 1993.

Citation Details
Title: Section 197: methods for treating intangibles. (Omnibus Budget Reconciliation Act of 1993)
Author: Ananth Seetheraman
Publication:The National Public Accountant (Magazine/Journal)
Date: October 1, 1994
Publisher: National Society of Public Accountants
Volume: v39 Issue: n10 Page: p28(8)

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