Why Would a Taxpayer Elect to Capitalize and Amortize Intangible

question 24

Essay

Why would a taxpayer elect to capitalize and amortize intangible drilling costs (IDCs) rather than expense such costs?

---

Definitions:

Family Configurations

The various structural forms a family might take, including nuclear, extended, single-parent, blended, or other arrangements.

Cultures

The social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.

Oedipus Complex

In Freudian theory, the desire young boys have to get rid of their father and take his place in their mother’s affections.

Electra Complex

In Freudian theory, the process by which young girls blame their mother for their “castrated” condition, transfer their love to their father, and compete with their mother for their father’s affection.