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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 26: Depreciation,cost Recovery,amortization,and Depletion
  5. Question
    Amounts Paid in Connection with the Acquisition of a Business
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Amounts Paid in Connection with the Acquisition of a Business

Question 54

Question 54

True/False

Amounts paid in connection with the acquisition of a business which represent a covenant not to compete are amortizable over the covenant's remaining life.

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