Which of the Following Intangible Assets Is Not Amortizable for Tax

question 13

Multiple Choice

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

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Definitions:

Equal Population

A principle aiming to ensure that each district or division has a relatively similar number of inhabitants for purposes like electoral representation.

Legislative Power

The authority to create, amend, or repeal laws, usually vested in a legislative body such as a parliament or congress.

House Committees

Subgroups within the United States House of Representatives responsible for conducting hearings, examining and developing legislation, and overseeing federal agencies and programs.

Minority-Majority Districts

Electoral districts in which the majority of the constituents are racial or ethnic minorities.