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Business, 03.12.2019 04:31 aleily74

On may 5 of the current tax year, byrne purchased a patent that qualifies as a § 197 intangible. the cost of the patent was $207,000 and byrne is a calendar-year taxpayer. in the current tax year, how much of the patent’s cost may byrne amortize?

a. $1,150.
b. $4,600.
c. $9,200.
d. $13,800.
e. none of the above.

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Answers: 2

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