Treatment of Capitalized Costs of Intangible Assets (Part I)
https://www.thetaxadviser.com/issues/2007/apr/treatmentofcapitalizedcostsofintangibleassets-parti.html
WEBApr 1, 2007 · Pursuant to the INDOPCO regulations, A must capitalize the $27,000, because the renegotiated or upgraded amount is a category 2 intangible asset. The cost to renew the liquor license is treated as a new amortizable Sec. 197 intangible, subject to 15-year amortization, beginning in May, year 5 (month of renewal).
DA: 87 PA: 3 MOZ Rank: 14