Answer :
Final answer:
The amortization period for a § 197 intangible is the lesser of 15 years or the useful life of the intangible, beginning with the acquisition date.
Explanation:
The amortization period for a § 197 intangible is the lesser of 15 years or the useful life of the intangible, beginning with the acquisition date.
In other words, if the actual useful life of the intangible is less than 15 years, the amortization period would be the actual useful life. If the useful life is greater than 15 years, then the amortization period would be 15 years starting from the acquisition date.
For example, if a § 197 intangible has an actual useful life of 10 years, the amortization period would be 10 years starting from the acquisition date.
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