Which of the Following Intangible Assets Is Not Amortizable for Tax

question 50

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:

Specific Antigen

A particular substance that the immune system recognizes and responds to, often triggering an immune response.

Pathogens

Microorganisms or viruses that can cause disease in their host, including bacteria, viruses, fungi, and parasites.

Phagocytosis

Phagocytosis is a cellular process in which cells engulf and digest large particles or microorganisms, important in the immune response and in removing pathogens and cell debris.

Activates Cells

The process by which cells are stimulated or induced to perform a specific function or action.