MACRS, Realty
Response to the following :
What depreciation method and useful life are used to depreciate a home office placed in service in 2014? Explain.
1. Amortization of Intangibles
For the intangibles listed, which can be amortized, what method should be used to amortize them, and how quickly can they be amortized?
a. Goodwill purchased as part of a business acquired during the year.
b. A copyright purchased separately for use in the taxpayer's business.
c. Same as in Part b., except that the copyright is purchased as part of the acquisition of a business.