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amortize |
Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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| ? Mentioned in | ? References in periodicals archive | |
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The first three years are interest only, while the last
two years amortize over a 30-year period. deduct organizational expenses equal
to the lesser of such expenses or $5,000
reduced by the organizational expenses
that exceed $50,000, (2) and to
amortize the remainder over 180 months. If the benefits of the asset
will continue indefinitely, it has an indefinite useful life and the
company should not amortize it. |
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