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Author Question: Why would a taxpayer elect to capitalize and amortize intangible drilling costs (IDCs) rather than ... (Read 40 times)

crazycityslicker

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on: Sep 13, 2020

Question 1

Unless an election is made to expense or defer and amortize research and experimental expenditures, these costs must be capitalized.
◦ true
◦ false

Question 2

Why would a taxpayer elect to capitalize and amortize intangible drilling costs (IDCs) rather than expense such costs?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by crazycityslicker on Sep 13, 2020

C.mcnichol98

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

DylanD1323

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Reply 3 on: Yesterday
Excellent

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