Which of the following statements about amortization deductions is false?
A) Amortization deductions result in the recovery of the capitalized cost of an intangible asset.
B) Amortization is computed ratably (on a straight-line basis) over the asset's determinable life.
C) Amortization deductions reduce the tax basis of the amortized asset.
D) None of these choices are false.
Correct Answer:
Verified
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